Swedbank Economic Outlook: The economic downturn has begun and it will be lengthy
Swedish GDP is falling as a result of weak domestic and global demand. Economic policy is tightening, which is contributing to the downturn. The Swedish krona will remain weak for the rest of the year, inflation will remain at high levels in the near term, and the Riksbank is expected to continue raising the policy rate during the autumn, according to Swedbank Economic Outlook.“The economic downturn has begun, and things will get worse before they get better. We expect households to continue to cut back on consumption for a while longer, given that their incomes are under pressure from high