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Research Briefing | Oct 20, 2021

Sweden | Growth seen at 4.1% in 2021 and 3.2% in 2022, with near-term risks rising

Nordic webinar - October 2021 - bannerSweden: Growth seen at 4.1% in 2021 and 3.2% in 2022, with near-term risks rising

Although the outlook for Sweden is strong with all restrictions removed, there are downside risks related to persistent supply-chain bottlenecks in industry and surging energy prices.

What you will learn:

  • Based on the main monthly indicators, the Swedish economy suffered a broad-based setback in August. Monthly GDP was down 3.8%, with private consumption down 1.1% and private sector output by 4.7%.
  • The job recovery continues at a steady pace.
  • Headline CPI inflation jumped to 2.5% y/y in September from 2.1% in August, in line with our forecast, driven by electricity prices that were up almost 25% y/y.

Tags: ConsumptionCoronavirusCPI inflationEmploymentEnergy pricesEuropeGDPInflationNordicOutlookRecoverySupply and demandSupply chainSwedenUnemployment
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