Sweden: 2004 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sweden
IMF Staff Country Reports, August 9, 2004
Source details
- Canonical URL
- Sweden: 2004 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sweden
Other formats
Bibliographic details
- Published: August 9, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451835915.002
Executive summary and outlook
- The downturn experienced by the Swedish economy in 2002–03 was relatively mild.
- Growth remained well above the European Union average during the downturn.
- Economic activity is expected to pick up steadily in 2004–05 as the global recovery gathers pace.
- Adjusted for calendar effects, output is expected to rise by about 2 percent in 2004.
Drivers of the 2002–03 slowdown
- Expansionary fiscal policy in 2002 underpinned private consumption.
- Private investment remained weak.
- Activity decelerated when the impact of public sector stimulus waned in the first half of 2003.
Policy areas and themes covered
- Expenditure
- Fiscal policy
- Inflation
- Labor
- Prices
- Public debt
Keywords and identifiers
- Keywords: CR, euro, fiscal policy framework, fiscal policy stance, fiscal policy target, Global, government, Inflation, ISCR, krona, staff appraisal, trade-weighted index, underlying inflation
- Publication Details:
- Pages: 46
- Volume: 2004
- Issue: 244
- Series: Country Report No. 2004/244
- Stock No: 1SWEEA0012004
- ISBN: 9781451835915
- ISSN: 1934-7685
- DOI: https://doi.org/10.5089/9781451835915.002
Source: Sweden: 2004 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sweden (IMF Staff Country Reports 2004, 244, August 9, 2004).