Sweden: 2004 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sweden

August 9, 2004

Preview Citation

Format: Chicago

Sweden: 2004 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, 2004) accessed November 26, 2024

Summary

This 2004 Article IV Consultation highlights that the downturn experienced by the Swedish economy in 2002–03 was relatively mild, with growth remaining well above the European Union average. Expansionary fiscal policy in 2002 underpinned private consumption. Private investment, however, remained weak and activity decelerated when the impact of public sector stimulus waned in the first half of 2003. Economic activity is expected to pick up steadily in 2004–05 as the global recovery gathers pace. Adjusted for calendar effects, output is expected to rise by about 2 percent in 2004.

Subject: Expenditure, Fiscal policy, Inflation, Labor, Prices, Public debt

Keywords: CR, Euro, Fiscal policy framework, Fiscal policy stance, Fiscal policy target, Global, Government, Inflation, ISCR, Krona, Staff appraisal, Trade-weighted index, Underlying inflation

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/244
Stock No:

1SWEEA0012004
ISBN:

9781451835915
ISSN:

1934-7685

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