No, as /ŋ/, the ng-sound. Swedish spells the /ŋn/ cluster as gn. Regn is thus /rɛŋn/.
Edit: this does not apply to word-initial gn-, where it's /gn/.
Alright, I'll drop them.
Swedish uses the spelling gn to avoid the awkward spellning ngn, that is, a ng-sound followed by an n-sound.
An example of this in English words could be the middle of "Sing now"
Regn is pronounced rengn, you know the"ng" sound (as in ring for example) + n
"N with a hook" ŋ means "ng" in fonetics :).
["N with a hook" ŋ means "ng" in fonetics :).]
Thanks for the phonetics tip - I'm a total newbie when it comes to that stuff.
Phonetics is fun until you have to spell all those hooks and other "accessories" out loud. Back when I was in 8th-9th grade, I attended a language school where we had English Phonetics lessons among all other language-stuff. I loved the logical and grammatically explainable part of the phonetics (all the joinings between letters to create a flowing sound, etc), but when I had to say everything out loud, it seemed like something has crash-landed in my mouth :)
Sorry for the long nostalgic comment, I just got surprised some people (few comments above) do not know what are those "n's with a hook" :D
Phonetics is pretty fun, like apwohalyptica says. The only thing that bothers me is the placement of your tongue, like I get alveolar and palatal mixed up a /lot/ of times, and clicks. Which is usually why I stay away from Xhosa. t-t