Persson: Pensions, globalisation and the current economic situation
Deputy Governor Kristina Persson spoke on Monday about globalisation, future pensions and the economic situation at the seminar “The future and pensions” organised by the insurance company Länsförsäkringar in Jämtland.”Future pensions will be determined by developments in the economy in general and by wage growth. The scope for wage increases is limited in the long term by productivity growth. If real wages rise more quickly than productivity, the business sector loses competitiveness. This ultimately results in increased unemployment. The factors that determine how Sweden will manage