The recovery in the Swedish economy has been delayed as households have hesitated. The economic growth will therefore remain at 0.5 per cent this year, to then pick up pace in coming years. GDP is expected to grow by 2.2 per cent in 2025 and 3.1 per cent the following year, according to SEB's new economic forecast.
The Swedish Central Bank will lower the interest rate to 2.0 per cent next year, writes the economists at the bank.
"Industry's confidence weakened during the summer, but Swedish companies are still clearly more optimistic than companies in Germany and the euro area, which suggests continued resilience to European weakness," says SEB's forecast chief Daniel Bergvall in a written comment.
