The Government has presented its fiscal policy in accordance with the fiscal policy framework, according to an audit by the National Audit Office. But the policy is "not fully designed in accordance with the framework".
BusinessSweden's GDP would decrease if legislation on shorter working hours were introduced, shows a new report from the National Institute of Economic Research, which Sveriges Radio Ekot has taken part of.
BusinessThe criticism is harsh against the government's proposal on how new nuclear power should be financed. It is a joy calculation, is too poorly investigated and the risk is great that other power sources are pushed aside when nuclear power is subsidized.
BusinessThe Industrial Unions are demanding 4.2 percent in wage increases in a one-year agreement. A high demand, historically speaking. It is based on careful considerations of the economic conditions, says IF Metall's chairman Marie Nilsson at a press conference.
BusinessEverything points to the Swedish Central Bank making a double cut in the interest rate on Thursday. It would be the largest interest rate cut in over ten years. Many households are likely to expect thousand-kronor notes in lower costs.
BusinessAn inquiry is to now provide the government with tools to achieve the climate goals. It is to be completed in May 2026, a few months before the next parliamentary election. We stand ready to implement what the investigator proposes as soon as it is completed, says Climate and Environment Minister Romina Pourmokhtari (The Liberals).
Swedish politicsThe inflation shock of 2022-2023 has eroded the Swedes' purchasing power and wiped out almost ten years of real wage increases. Real wages are currently at the same level as in 2015, notes the National Institute of Economic Research (KI). Looking ahead, they see a long-term wage increase space of 3.5 percent per year.
BusinessThe Russian economy is doing significantly worse than what President Vladimir Putin wants to suggest. This is the opinion of, among others, Finance Minister Elisabeth Svantesson (M) who is pushing to expose the Russian bluff. It's something that has bothered me for a long time, she says about the country's economic statistics.
BusinessThe new rapid inflation figure – which the Statistics Sweden (SCB) will start reporting tomorrow – will knock out the ordinary inflation figure as the important one, experts believe. I think the market reaction will come in conjunction with rapid-CPI, says major bank SEB's inflation expert Olle Holmgren.
BusinessThe National Institute of Economic Research (KI) is lowering its GDP forecast for next year to 1.8 percent and expects a low-growth economy until the end of 2026. The recovery could go faster, if the Swedish Central Bank were not so cautious with its interest rate cuts, according to forecast chief Ylva Hedén Westerdahl.
BusinessThe downward trend of inflation – and household hopes for lower interest rates – still dominate the economic news. Here is the key to understanding better:
BusinessSwedish economy shrinks and inflation is expected to fall even further below target when new inflation figures are presented on Thursday. The Swedish Central Bank could move faster, says Albin Kainelainen, Director-General of the National Institute of Economic Research (KI).
BusinessThe Government's proposal for a reduced ISK tax is a dividing line. Ineffective - and in some cases an encouragement to tax planning, is highlighted in the criticism.
BusinessSwedish economy is losing ground and during the second quarter, Sweden's gross national product (GNP) decreased by 0,3 percent, show new figures from SCB. We see no clear turnaround yet, says Alexandra Stråberg, chief economist at Länsförsäkringar.
BusinessThe Government estimates that they can invest 60 billion kronor in new reforms in the state budget for next year. Households can count on more money in their wallets.
BusinessBetween the parties, a tug-of-war is underway about what to focus on in the 2025 budget. Lowered taxes, infrastructure, education, the climate, healthcare, and crime prevention are on the negotiating table.
BusinessBoth LO and Svenskt Näringsliv are now putting pressure on Finance Minister Elisabeth Svantesson (M) to present an expansive autumn budget. It's time to climb out of the sandbox and get the workshop going again, says LO Chairman Johan Lindholm.
BusinessUnemployment is the highest in ten years, except for the situation during the pandemic. And the government believes it will rise further. These are levels you usually see in financial crises, says Minister for Labour Market and Integration Johan Pehrson (The Liberals).
BusinessThe National Institute of Economic Research expects six interest rate cuts before next summer, a clearly faster pace of reduction than what the Swedish Central Bank has indicated. It is time for the Swedish Central Bank to increase the pace, says the General Director of the National Institute of Economic Research, Albin Kainelainen.
BusinessThe sentiment in the Swedish business sector has deteriorated over the past month, according to the National Institute of Economic Research (NIER). At the same time, optimism is increasing among households – with more car purchases on the horizon.
CarsThe Government wants to halve air travel tax, but the proposal receives criticism. Scrap it altogether, thinks the business community. Retain it, at least on long-haul flights, think a number of other consultative bodies.
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