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Swedish Church posts H1 result and rules out recession, expects slowdown

The Swedish krona has continued to be weak and is no longer a currency that follows the world economy, the EUR 1.9bn Church pension fund CEO claims.

Photo: Svenska Kyrkan: Magnus Aronson /Ikon

This year will prove more positive for risky assets than 2018, according to the Church of Sweden Pension Fund, Kyrkans pensionskassa.

While the EUR 1.9bn fund CEO Carl Cederberg considers equity markets to be approaching a downturn, he rules out the probability of a recession. Over the first half of 2019, the fund's investments pulled in a return of 10.4 percent.

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