Macro - Country Economic Forecasts - Sweden

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.