Sweden | We expect strong growth in Q3
Sweden’s economy grew by 0.9% q/q in Q2 according to the flash estimate. This was below our forecast and driven by tax changes for registering new cars introduced on 1 April. But the monthly GDP series points to an acceleration through the quarter with growth up to 2.5% in June.
What you will learn:
- High-frequency indicators point to the pace of the recovery
slowing recently, probably due to seasonal factors - The job recovery continues at a steady pace
- The pandemic brought a major fiscal and monetary policy response that has supported jobs and incomes. However, we expect the fiscal impulse to turn negative next year.
- Our forecasts up to 2024 for all of the key economic indicators including GDP, Consumer demand, exports of goods and services, Domestic demand
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