Nordic Outlook: A world marked by setbacks and advances
Sweden: Fiscal stimulus will ease the burden on the Riksbank COVID-19 vaccine roll-outs and powerful stimulus measures are laying the groundwork for a rapid recovery, once the pandemic releases its grip on the world economy. Despite the escalating spread of infection and expanded restrictions, late 2020 was not as weak as previously feared. The full-year 2020 decline in global GDP is expected to be only 3.7 per cent, compared to our November projection of 4.4 per cent. We have marginally downgraded our 2021 forecast to 5,0 per cent, while adjusting 2022 growth almost half a percentage