Swedbank Economic Outlook: Recession is just around the corner
The economy is contracting at the same time as unemployment is rising. The peak in inflation is ahead of us and the Riksbank is expected to raise interest rates sharply in the near future, but interest rate cuts are expected at the end of next year, according to Swedbank Economic Outlook.The cost-of-living shock is putting pressure on household finances at the same time as companies' willingness to invest is decreasing. “Households will keep a tight grip on their wallets as high inflation and rising interest costs take their toll on purchasing power. The labour market is still showing