Sweden | We expect strong growth in Q3

Sweden’s economy grew by 0.9% q/q in Q2 according to the flash estimate. This was below our forecast and driven by tax changes for registering new cars introduced on 1 April. But the monthly GDP series points to an acceleration through the quarter with growth up to 2.5% in June.

What you will learn:

• High-frequency indicators point to the pace of the recovery
  slowing recently, probably due to seasonal factors
• The job recovery continues at a steady pace
• The pandemic brought a major fiscal and monetary policy response that has supported jobs and incomes. However, we expect the fiscal impulse to turn negative next year.
• Our forecasts up to 2024 for all of the key economic indicators including GDP, Consumer demand, exports of goods and services, Domestic demand