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Sweden, Finland & Denmark GDP (Q3), Swiss KOF (Nov.)

The pick-up in Swedish GDP growth in Q3 means that a rate hike by the Riksbank at its next meeting is now pretty much a done deal. But if, as we expect, the economy slows next year, we think the Bank will have to reverse course next year. Meanwhile, the Swiss KOF fell to a near 6-year low in November.

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