Research Briefing
| May 21, 2021
Sweden | Country Economic Forecast May
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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