Sweden | Growth seen at 4.1% in 2021 and 3.2% in 2022, with near-term risks rising
Although the outlook for Sweden is strong with all restrictions removed, there are downside risks related to persistent supply-chain bottlenecks in industry and surging energy prices.
What you will learn:
- Based on the main monthly indicators, the Swedish economy suffered a broad-based setback in August. Monthly GDP was down 3.8%, with private consumption down 1.1% and private sector output by 4.7%.
- The job recovery continues at a steady pace.
- Headline CPI inflation jumped to 2.5% y/y in September from 2.1% in August, in line with our forecast, driven by electricity prices that were up almost 25% y/y.
Tags:
Related Services
Post
BoK’s monetary policy to tighten even as hiking cycle ends
Even without rate hikes, central banks' monetary policies can effectively tighten if the nominal neutral rate falls below the policy rate. We expect this will be the case for the Bank of Korea this year, as the gap between the policy rate and the nominal neutral rate widens.
Find Out More
Post
China: Emerging green shoots in Spring, but not out of the woods
We now incorporate a faster recovery from the post-Covid exit wave and raise our 2023 full-year GDP growth forecast to 4.5% (from 4.2% previously).
Find Out More