Swedish GDP growth may have picked up a touch in Q4: Capital Economics

Quotes from Capital Economics:

- Swedish GDP growth (08.30 GMT) may have picked up a touch in Q4, providing further evidence of a steady, but far from spectacular, recovery. 

- Admittedly, the survey data continued to improve in Q4 and remain broadly consistent with strong quarterly GDP growth of up to 1.5%. But they have been too optimistic for some time now. And monthly data on the expenditure side of the national accounts point to a smaller rise in GDP growth. 

- On balance, we expect quarterly GDP growth of around 0.5% in Q4, but persistent deflation remains a clear risk to the economic outlook.