Sweden boosts pandemic-hit economy by $12 billion in 2021 budget
Picture used for illustrative purpose. File
Sweden's gross domestic product will shrink around 4.6% this year, the government said on Monday, outlining a budget bill that will pump around 105 billion crowns ($12.0 billion) into the economy to kick-start growth following the pandemic.
"Together we are going to work Sweden's way out of the crisis and build a more sustainable society," the minority coalition said in a statement.
READ MORE
Oil prices slip on potential return of Libyan output
European stocks slide in early deals
Asian markets weighed by virus spikes and stimulus gridlock
Measures in the budget, including tax cuts for individuals and companies and more money for the welfare sector, were broadly known.
Reuters
