Sweden : 2002 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sweden

Author/Editor:

International Monetary Fund

Publication Date:

August 7, 2002

Electronic Access:

Free Full Text (PDF file size is 1557 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2002 Article IV Consultation highlights that a cyclical slowdown in domestic demand coupled with global economic weakness led to slower growth of Sweden in 2001. Private consumption stagnated despite rising disposable income, owing to adverse confidence and wealth effects from the continued plunge in stock prices. Exports suffered their weakest year in a quarter century, as telecom exports—the driving force behind the recent rapid growth—fell by about one-third. The weak krona and supportive fiscal and monetary policies, however, helped contain the severity of the slowdown.

Series:

Country Report No. 02/159

Subject:

English

Publication Date:

August 7, 2002

ISBN/ISSN:

9781451835892/1934-7685

Stock No:

1SWEEA0012002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

42

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