New forecast: Global turbulence to hit Swedish growth
Growth in the Swedish economy is now so slow that we can refer to it as a full-on deterioration, reports Handelsbanken in its new Global Macro Forecast. “We foresee a cooling-off, and expect the Riksbank to keep the repo rate negative for several years to come”, says the bank’s Chief Economist, Christina Nyman.During the summer, the trade war between the US and China has escalated, while the risk of a hard Brexit is increasing. Nothing points to a quick solution, and the major global uncertainty is set to persist, according to Handelsbanken’s forecast. “Naturally, central banks, led by