Economic news
Swedish government raises economic outlook for 2022, cuts 2023
2022.08.18 16:37
FILE PHOTO: People walk past Christmas window displays at a department store in downtown Stockholm November 28, 2008. REUTERS/Bob Strong
STOCKHOLM (Reuters) -The Swedish government on Thursday raised its outlook for the Nordic country’s economy this year to see it growing by 2.3%, but lowered the forecast for 2023 to just 0.4% growth.
Its previous forecasts, from June, were for 1.9% and 1.1% GDP growth, respectively.
In a statement ahead of elections for parliament next month, it predicted headline inflation this year at 7.3%, and at 3.9% in 2023, against previous forecasts of 6.1% and 2.9%, respectively.
