Macro - Country Economic Forecasts - Sweden
We have lowered our 2023 GDP forecast for Sweden by 0.9ppts to a 0.1% contraction, amid more front-loaded monetary policy tightening and signs of a broad-based weakening in activity. Inflation continues to rise and underlying pressures are intensifying, the housing market is undergoing a major correction, and consumer confidence is at record lows. The labour market has provided important support but will soften as well.
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