Swedish economy entering a boom period
The Swedish economy is growing strongly, and the prolonged period with a negative output gap will soon be over. Fiscal policy will be expansionary in both 2016 and 2017 when refugee-related costs are debt-financed. The expansionary policy will help unemployment fall to 6.5 per cent in 2017. Such are the results of the latest forecast from the National Institute of Economic Research (NIER), published today.GDP will grow by close to 4 per cent in both 2015 and 2016. Economic policy is highly expansionary, which will further stimulate activity. The current influx of refugees will result in