Previously, we have flagged Sweden as the bottom macro ranking G10 country. High inflation, high unemployment rate, low growth, do not support a bright outlook
A Bloomberg composite forecast sees the Swedish economy contracting the most in the G10 this year, the U.K. follows
Also, stubborn inflation will feed into higher rates, which are seen hurting the economy and fail to leave the SEK as carry attractive
EUR/SEK is posting a third consecutive day of gains, the spot is now shy of 12.0, devaluations in the krona pose a threat to the Riksbank's price stability campaign
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