Sweden: 2024 Article IV Consultation-Press Release; and Staff Report

March 11, 2024

Preview Citation

Format: Chicago

Sweden: 2024 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2024) accessed November 21, 2024

Summary

After a strong post-pandemic performance, economic activity has weakened. GDP contracted slightly in 2023. An unprecedented monetary policy tightening started in mid-2022 to rein in inflation, which has been declining after peaking at 10.8 percent in end-2022. Weak real incomes, elevated interest expenses, and declining real estate valuations have weighed on private consumption and residential investment and strained the highly levered commercial real estate sector. Policies need to carefully maneuver the economy. Strengthening productivity growth is a key medium-term challenge.

Subject: Economic and financial statistics, External sector statistics, Fiscal policy, Fiscal stance, Government finance statistics, Inflation, International organization, Monetary policy, Prices

Keywords: Europe, External sector statistics, Fiscal stance, Global, Government finance statistics, HICP inflation, Inflation, Inflation expectation, Inflation risk, Liability positions vis-à-vis nonresident, Money market rate

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2024/070
Stock No:

1SWEEA2024001
ISBN:

9798400270185
ISSN:

1934-7685

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