Sweden In Recession, Statistics Agency Says

Stockholm  - Sweden has tipped into recession, Statistics Sweden said Friday.

The gross domestic product (GDP) decreased by 0.

1 per cent during the third quarter, compared to the second quarter 2008.

Year-on-year GDP was unchanged, according to the agency.

The agency said household consumption expenditures also decreased, falling by 0.

2 per cent.

It was the first time since 2001 that household expenditures fell, the agency said.