LO Warns Swedish Labor Market Recovery Remains Slow Despite Stronger Growth Forecast
The Swedish economy is recovering, but the labor market remains sluggish, LO economists say in their latest forecast.
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Crisis support is affecting inflation figures
The inflation figures published by Statistics Sweden in April and May must be adjusted by the Swedish Central Bank if the Executive Board is to be able to make the right monetary policy decisions. The halving of food VAT and cuts to fuel taxes are affecting the figures.
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LO says no increased wage demands if prices rise
Even if prices skyrocket, the unions will not demand extra compensation. With this statement, LO's chief economist Torbjörn Hållö hopes to persuade the Swedish Central Bank to ease up on future interest-rate increases. He says the risk of a wage-price spiral in Sweden is close to zero.
Business
LO economists: The recovery is here
The recovery in the Swedish economy is here and is driven, among other things, by high real wage increases. This is what LO economists assess in their latest economic forecast.
Business
The Economist: America's success is an illusion
The image of Europe as "a sick old man" – in a nutshell compared to the US – is not true, argues LO economist Torbjörn Hållö. People believe that deregulation and reduced taxes are the key to success. But the success in the US is an illusion, he says.
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Expert: Without a rate cut, the government must step on the gas
Hopes of a lower interest rate in the spring seem to be dashed. It dampens the economic recovery and forces the need for a more expansionary fiscal policy from the government, experts believe.
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Assessors: More Cuts Are Needed
Today's interest rate cut is the last one that the Swedish Central Bank is currently signaling. Completely wrong, according to several actors who want to see further cuts in the near future. Our picture is that more is needed, says KI chief Albin Kainelainen.
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The Verdict: Too Cautious by the Central Bank
Completely too cautious and a decision that can have major consequences for the Swedish economy. Economists are critical of the Swedish Central Bank's interest rate forecast for 2025. It will not provide the boost that the economy needs, says Swedbank's chief economist Mattias Persson to TT.
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