STOCKHOLM: The economy grew almost in line with estimates in the first quarter as consumer spending gained amid record stimulus from the central bank.
GDP expanded 0.5 percent from the fourth quarter, Statistics Sweden said in a statement. Growth was expected to reach 0.6 percent in a Bloomberg survey of analysts. It expanded an annual 4.2 percent, compared with a 4.3 percent estimate.
Fourth-quarter growth was revised up to 1.6 percent from 1.3 percent. The largest Nordic economy has boomed as the central bank cut rates deep below zero and pumped money into the economy by buying government bonds.
