Sweden: 2002 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sweden

August 7, 2002

Preview Citation

Format: Chicago

Sweden: 2002 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sweden, (USA: International Monetary Fund, 2002) accessed November 22, 2024

Summary

This 2002 Article IV Consultation highlights that a cyclical slowdown in domestic demand coupled with global economic weakness led to slower growth of Sweden in 2001. Private consumption stagnated despite rising disposable income, owing to adverse confidence and wealth effects from the continued plunge in stock prices. Exports suffered their weakest year in a quarter century, as telecom exports—the driving force behind the recent rapid growth—fell by about one-third. The weak krona and supportive fiscal and monetary policies, however, helped contain the severity of the slowdown.

Subject: Expenditure, Fiscal policy, Fiscal stance, Inflation, Inflation targeting, Labor, Monetary policy, Prices

Keywords: Confidence index, Consumer confidence confidence index, CR, Equity price, Fiscal policy, Fiscal stance, Global, Government's target, Headline inflation, Inflation, Inflation outcome, Inflation propensity, Inflation targeting, ISCR, Stockholm All share index

Publication Details

Pages:

42
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/159
Stock No:

1SWEEA0012002
ISBN:

9781451835892
ISSN:

1934-7685

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