Swedbank Economic Outlook: Swedish economy stagnate
Growth is slowing down as Sweden’s rate of inflation has reached its highest level in more than 30 years. Price increases are approaching their peak, and the Riksbank will continue to raise the policy rate into 2023. Households are facing a cost shock, but a turnaround towards lower policy rates is expected in 2024, according to Swedbank Economic Outlook."So far, Swedish growth has been a positive surprise. But now we expect a clear deceleration in the wake of high inflation, rapidly rising interest costs and a deterioration in household purchasing power. High energy prices are hurting