{
  "title": "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",
  "publication": "IMF Staff Country Reports, August 7, 2002",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/sweden-2002-article-iv-consultation-staff-report-staff-statement-public-information-notice-15994",
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  "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.",
  "sections": [
    {
      "heading": "Summary and main findings",
      "content": "- A cyclical slowdown in domestic demand coupled with global economic weakness led to slower growth of Sweden in 2001.\n- Private consumption stagnated despite rising disposable income, owing to adverse confidence and wealth effects from the continued plunge in stock prices.\n- 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.\n- The weak krona and supportive fiscal and monetary policies helped contain the severity of the slowdown."
    },
    {
      "heading": "Macroeconomic developments and indicators",
      "content": "- Year of pronounced slowdown: 2001.\n- Sectoral shock: telecom exports fell by about one-third.\n- External environment: global economic weakness contributed to export deterioration.\n- Domestic demand: cyclical slowdown; private consumption stagnation despite rising disposable income.\n- Exchange rate and policies: weak krona; fiscal and monetary policies described as supportive."
    },
    {
      "heading": "Policy assessment and implications",
      "content": "- Supportive fiscal policy helped mitigate the downturn (no further numeric details provided in the source content).\n- Supportive monetary policy similarly helped contain the severity of the slowdown.\n- Confidence and wealth effects from falling equity prices had a material negative impact on consumption behavior.\n\n---\n\n Content in this bundle\n\n- IMF Concludes 2002 Article IV Consultation with Sweden\n  - IMF Concludes 2002 Article IV Consultation with Sweden (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - IMF Concludes 2002 Article IV Consultation with Sweden (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: August 7, 2002",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451835892.002",
    "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 helped contain the severity of the slowdown.",
    "Year of pronounced slowdown: 2001.",
    "Sectoral shock: telecom exports fell by about one-third.",
    "External environment: global economic weakness contributed to export deterioration.",
    "Domestic demand: cyclical slowdown; private consumption stagnation despite rising disposable income.",
    "Exchange rate and policies: weak krona; fiscal and monetary policies described as supportive.",
    "Supportive fiscal policy helped mitigate the downturn (no further numeric details provided in the source content).",
    "Supportive monetary policy similarly helped contain the severity of the slowdown.",
    "Confidence and wealth effects from falling equity prices had a material negative impact on consumption behavior.",
    "**IMF Concludes 2002 Article IV Consultation with Sweden**"
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