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
Food prices to bottom out in 2024, risks skewed to upside
Our baseline forecast is for world food commodity prices to register an annual decline this year, in aggregate, reducing pressure on food retail prices further downstream. However, we believe the risks to this forecast are overwhelmingly skewed to the upside.
Find Out More
Post
Battery raw material prices to recover
Battery raw materials prices bottomed out last quarter and we think a sustained recovery is looming. Midstream EV battery manufacturing activity has picked up again and inventories have returned to historical levels, suggesting upstream demand for raw materials will also bounce back.
Find Out More