Swedbank Economic Outlook: Near-term headwinds – but better by summer
Inflation will fall, interest rates will decline and household real income will rise in 2024 – paving the way for the Swedish economy to make a rapid recovery in 2025. The near-term outlook presents challenges, however, and the labour market will weaken this year. The Riksbank will start lowering the policy rate in May, and fiscal policy will become more expansive in 2025, according to Swedbank Economic Outlook.“After two years of declining income, households are beginning to see signs of hope as inflation falls and public transfers to households increase. However, consumption will remain