Research Briefing | May 21, 2021

Sweden | Country Economic Forecast May

Ipad Frame (2)-May-24-2021-02-49-11-64-PM

The Swedish economy grew by 1.1% in Q1 according to the flash estimate, the best performance in western Europe. Monthly indicators show that this was driven by household consumption, which rose 3.1% q/q, and private sector output, up by 1.4%.

What you will learn:

  • Flash Q1 GDP surprised on the upside
  • We have raised our forecast for 2021 to 3.7%, driven by consumer spending
  • The crisis brought a major fiscal response that will continue in 2021 and 2022

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