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Sweden's economy shrinks in the third quarter to signal that a recession may have hit the country

Summary by Ground News
Sweden's economy shrank in the third quarter of 2023 to mark the second time of contraction. Data released Wednesday by Statistics Sweden showed that the country's gross domestic product declined by 0.3% in the period ending in October. The decline is mainly explained by inventory liquidation and lower household consumption.

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abc News broke the news in United States on Wednesday, November 29, 2023.
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