Sweden | The Swedish economy is undergoing a broad-based recovery

Growth was confirmed at 0.9% in Q2, driven by domestic demand while net exports were a drag. The monthly GDP series points to positive momentum between May-July, which should translate into a strong performance in Q3.

What you will learn:

• Our 2021 and 2022 GDP growth forecasts are unchanged at 4.2% and 3.0% respectively.
• Main downside risk posed by the spread of the highly infectious Delta variant and persistent supply-chain bottlenecks in industry.
• Mobility indicators have recently flatlined, although retail and recreation is above pre-pandemic levels.