Research Briefing | Sep 17, 2021

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

Ipad Frame-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.

Back to Resource Hub

Related Services

ECB

Post

Eurozone: ECB minutes indicate that July rate hike is a near-certainty

The minutes from the April ECB meeting confirm the hawkish tilt initiated a few months ago continues to gain momentum. With a majority of the council increasingly concerned about the inflation outlook, this makes an interest rate hike already in July almost certain. This should not come as a surprise, however, as recent developments render hawks' case arguably easier to make.

Find Out More
Japanese yen

Post

For how long will Japan’s households support bonds and the yen?

Households' financial surpluses sharply increased in 2020 and remained high in 2021 due to the Covid pandemic. Most of the surplus continued to go to cash and deposits, but there was a notable increase in funds going to investment trusts (with a large portion invested in foreign equities) in 2021. Amid rising international yield differentials and a weakening yen, there is market chatter about whether this is the beginning of a structural shift from households' risk-averse investment style?

Find Out More