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Sweden Business Forecast Report Q1 2014

Sweden's economy is forecasted to expand by 2.4% in 2014


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2014-01-09 10:11:01 - Sweden Business Forecast Report Q1 2014 - a new country guide report on companiesandmarkets.com

Sweden´s status as an open trade-oriented economy means that its growth prospects will depend heavily upon a continued recovery in the rest of Europe.

Although the Swedish economy has experienced several quarters of acute weakness, leading indicators suggest that the outlook for household consumption and business investment is brightening alongside a recovery in European demand.

Sweden is among the best positioned developed economies in the world, with a highly productive workforce, a fiscal surplus and a stable banking system, but the rising level of household debt poses a structural threat.

Our forecasts for real GDP growth in 2013, 2014 and 2015 are 0.8%, 2.4% and 2.8% respectively, down from 1.1%, 2.7%, and 2.9%.

Downside Growth Risks From Europe: A relapse in the European economic

 

 

recovery would leave Sweden´s open economy vulnerable to external demand shocks.

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Mike King
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