SEB's Nordic Outlook: COVID-19 holds the world in an iron grip
Sweden: Government and Riksbank respond with new stimulus
A mixed picture is now emerging. After a surprisingly strong economic recovery in the third quarter of 2020, the second wave of the novel coronavirus is becoming significantly worse than expected. New restrictions will again lead to negative GDP growth during the fourth quarter, at the same time as stimulus measures are expanded. Because of the new overall growth curve, we are adjusting our forecast of GDP growth in the advanced economies (the 37-country Organisation for Economic Cooperation and Development, or OECD)