Sweden: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sweden
August 11, 2008
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This 2008 Article IV Consultation highlights that Sweden’s economy has performed well, but is sensitive to global demand. The activity is now moderating. Exports have benefited from sound competitiveness, but euro area and U.S. slowing is causing them to decelerate. Private consumption growth has been relatively smooth, as employment and wages have picked up, and disposable income further benefited from tax cuts. Employment growth reached 2 percent, and the unemployment rate declined from 8 percent in 2005 to 6 percent in early 2008.
Subject: Aging, Banking, Central bank policy rate, Fiscal policy, Fiscal stance, Income, Inflation, National accounts, Personal income, Population and demographics, Prices
Keywords: Aging, Baltics, business confidence, CR, economy, fiscal policy council, Fiscal stance, Global, government, Income, Inflation, inflation expectation, interest rate path, ISCR, lack nuance, market sentiment, slowing economy, staff appraisal
Pages:
56
Volume:
2008
DOI:
Issue:
278
Series:
Country Report No. 2008/278
Stock No:
1SWEEA2008001
ISBN:
9781451836028
ISSN:
1934-7685
