It probably means that we will need to make some downward revisions of the growth rate in our next forecast. I think most countries will need to do that, says the Minister of Finance.
Coming back with a new forecast
The latest forecast was presented on March 19, ahead of the spring budget that is due next Tuesday.
Right now, everything indicates that what has started in the USA will affect the growth rate for the entire Europe – but also for large parts of the global economy, says Svantesson.
We will come back later with a new forecast. My starting point is that there is a risk that we will need to revise down the growth forecast. I see that risk, absolutely, she adds.
She does not want to speculate about any new concrete crisis measures or reprioritizations in the spring budget.
We will present it next week, and there we have a reinforcement to further strengthen the Swedish economy, she says.
Saved in the coffers
She reminds us that Sweden and the Swedes have met and handled tough and difficult times before.
And we now have very good public finances. And if there would be further deepening of the recession, we can meet them because we have saved in the coffers.
According to Svantesson, the spring budget – after the tax cut on pensions and work at the turn of the year – will include new stimuli. She points, among other things, to the adjustment of the ROT deduction and more resources to adult education.
