New forecast: Global boom starting to cool
In Handelsbanken's second macro forecast for the year, we note that the Swedish economy is strong at the moment, but we expect growth to taper off ahead. Housing construction will soon slow and external support will eventually diminish. The economic upturn has contributed to exceptional jobs growth and gradually rising inflation. As a consequence, we expect the Riksbank to initiate rate hikes in December. The Swedish krona will gradually strengthen from today’s weak level.· Swedish economy in full swing, but construction will soon slow · The Riksbank will raise the policy rate in