Swedish finance minister says growth likely 0.3% lower in 2020 due to coronavirus

The outbreak of the coronavirus will lower Swedish growth this year by around 0.3%, Finance Minister Magdalena Andersson said on Wednesday.

Andersson said that global growth would likely be around 0.5% lower than it would otherwise have been without the impact of the coronavirus.

In January, the government forecast gross domestic product would expand 1.1% this year.