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SWEDEN: Swedish Finance Ministry Revises Growth Higher In Forecast Update

SWEDEN

Headlines crossing from the Swedish Finance Minister, who notes that the "The fight against inflation has been won"

  • The press release, including a summary of forecast updates is here.
  • “The fight against inflation has been won, and now we are shifting our focus from fighting it to monitoring it. At the same time, the Swedish economy continues to be under strain, with rising unemployment and weak domestic demand".
  • At first glance, those forecast updates (i.e. growth revised higher, inflation a touch lower and unemployment a touch higher) will likely also be reflected in the Riksbank's June MPR projection updates.
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