Swedbank Economic Outlook: Higher prices and more rate hikes amid the war
The war in Ukraine is causing turbulence in the Swedish economy. Growth is levelling off and inflation is on the rise. The Riksbank is expected to raise the repo rate at its meeting in April. At the same time, fiscal policy will become more expansionary as a consequence of new crisis budget measures, according to Swedbank Economic Outlook.The war in Ukraine is affecting the Swedish economy. Households and businesses are becoming more cautious. “Following strong growth at the end of 2021, we expect weaker growth during the first half of this year because of the war in Ukraine. The