Macro - Country Economic Forecasts - Sweden
Sweden's economy was flat in Q3, based on a flash estimate, better than we expected. But real income losses, a fast passthrough of rising interest rates to mortgage payments, and weak confidence and external demand mean the economy will continue to struggle. We expect Sweden's GDP to shrink by 0.5% in 2023 and grow by just 0.1% in 2024, similar to last month.
Sweden: Peak interest rates are near, and are set to stayForecast overviewRecent developmentsShort-term outlookKey drivers of our Short-term ForecastEconomic riskEconomic risk evaluationrisk warningsWhat to watch out forExposure to Key global risksLong-term prospectsBackgroundEconomic developmentStructure of the economyBalance of payments and Structure of tradePolicyPolitics