Bet on a tough year – again
After a lost year for Swedish growth, the risk is now increasing that companies will hold off on new recruitment, further worsening the economic dip. The slow easing of inflation suggests that it might be next summer before the Riksbank lowers the policy rate, according to Handelsbanken’s latest Global Macro Forecast. “Although we are not expecting consumption to fall off a cliff, there are nonetheless several uncertainties”, says Christina Nyman, Handelsbanken’s Chief Economist. Global inflation is stubbornly holding on and there remains significant geopolitical uncertainty due to