Sweden: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Sweden
IMF Staff Country Reports, March 26, 2019
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- Sweden: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Sweden
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Bibliographic details
- Published: March 26, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498305259.002
Growth outlook and risks
- Sweden’s growth is expected to slow in 2019.
- Material downside risks stem from the global economy and domestic demand.
Monetary policy and inflation
- A data-dependent approach to monetary policy is appropriate.
- Although underlying inflation is expected to rise gradually, uncertainties around this outlook have widened.
- Subjects explicitly noted: core CPIF inflation, headline inflation, inflation prospect.
Fiscal policy and public finances
- Automatic fiscal stabilizers should operate fully.
- The surplus should decline to the new medium-term target by 2020.
- The fiscal surplus is estimated to have declined to just under 1 percent of GDP in 2018.
Labor market and wages
- Labor market reforms should enhance employment of migrants and the low skilled.
- The social partners should update wage formation to reflect structural changes in the Swedish economy.
- Subjects explicitly noted: labor market development, wages, income.
Housing, household debt, and macroprudential policy
- Reforms to improve housing affordability are needed even as macroprudential measures help contain household debt vulnerabilities.
- The tightening of amortization requirements is well-targeted, and its effectiveness should be monitored.
- Plans to eliminate rent controls on new construction should be complemented by phasing out controls on existing apartments.
- Subjects explicitly noted: Housing, housing affordability, Housing prices, household mortgage debt growth, liability positions vis-à-vis nonresident.
Key statistics and metadata
- Publication date: March 26, 2019
- Pages: 69
- Series: Country Report No. 2019/088
- Issue: 088
- ISBN: 9781498305259
- DOI: https://doi.org/10.5089/9781498305259.002
Sweden: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Sweden (IMF Staff Country Reports 2019, 088).
Content in this bundle
- 1sweea2019001