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.
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