Macro - Country Economic Forecasts - Sweden

Macro - Country Economic Forecasts - Sweden

We have lowered Sweden's growth outlook for this year to 2.1% from 2.6% last month, a move largely driven by revisions to the past few quarters. The overall picture, though, is little changed, with inflation eroding real incomes and private consumption, while prompting accelerated monetary policy tightening. Meanwhile, high energy prices and supply-chain bottlenecks continue to weigh on industry. The outlook is subject to significant uncertainty.