In the report "Job crisis despite recovery" to be presented on Friday, economists estimate that GDP will grow by 2.8 percent next year. However, unemployment remains high despite the overall recovery and is only expected to fall marginally next year.
"Consumption is the engine of growth. Households are benefiting from the highest real wage increases since 2009, lower interest rates and also from an expansionary fiscal policy," says LO's chief economist Torbjörn Hållö, according to a press release.
The LO economists propose that major investments be made in labor market training and an increased investment rate for, among other things, welfare and infrastructure.
