Sweden: 2021 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, March 25, 2021
Source details
- Canonical URL
- Sweden: 2021 Article IV Consultation-Press Release; and Staff Report
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Bibliographic details
- Published: March 25, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513574684.002
Summary and key findings
- Sweden entered the pandemic with substantial buffers and suffered a relatively shallow recession in 2020.
- The decline in output was moderated by substantial income and liquidity support as well as structural features of the economy.
- Sweden’s initial less stringent containment strategy seems to have altered the timing of the economic fallout, which intensified towards the middle of the year.
- The fallout has particularly impacted the youth and foreign-born.
- Economic recovery is projected over the next two years, but uncertainty has increased due to the new strains of the virus and slow vaccination.
Economic impact and distributional effects
- Recession in 2020 described as "relatively shallow."
- Mitigating factors cited: substantial income support and liquidity support, and structural features of the economy.
- Disproportionate adverse effects on:
- Youth
- Foreign-born
Outlook and risks
- Economic recovery projected over the next two years.
- Elevated uncertainty driven by:
- New strains of the virus
- Slow vaccination
Subjects and keywords covered
- Economic and financial statistics
- Environment
- Financial crises
- Fiscal policy
- Government finance statistics
- Greenhouse gas emissions
- International organization
- Monetary policy
- Public debt
Keywords:
- Global
- Government finance statistics
- Greenhouse gas emissions
- IMF staff calculation
- liability positions vis-à-vis nonresident
- monetary policy stance
- money market rate
- statistics Sweden
Content in this bundle
- 1sweea2021001