Finance Minister Elisabeth Svantesson not
Photo: Henrik Montgomery/TT

Finance Minister Elisabeth Svantesson not worried about inflation

Finance Minister Elisabeth Svantesson (M) does not believe that the war in the Middle East will lead to rampant inflation.

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What is happening now affects the global economy and it obviously affects Sweden. There are risks that growth will have to be revised down, she tells journalists in the Riksdag.

However, she does not see a risk of much higher inflation.

I'm not worried about inflation; I don't think it will go much higher, she says.

However, she worries that the crisis will cause households to hold back on spending.

I'm afraid many people think it will be like 2022.

According to Svantesson, however, there are major differences compared with 2022, when the pandemic severely disrupted global supply chains and the war in Ukraine led to an energy crisis.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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