{
  "title": "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",
  "publication": "IMF Staff Country Reports, August 11, 2008",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/sweden-2008-article-iv-consultation-staff-report-staff-statement-public-information-notice-22258",
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  "summary": "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.",
  "publishDate": "2008-08-11",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Key findings",
      "content": "- Sweden’s economy \"has performed well, but is sensitive to global demand.\"\n- \"The activity is now moderating.\"\n- \"Exports have benefited from sound competitiveness, but euro area and U.S. slowing is causing them to decelerate.\"\n- \"Private consumption growth has been relatively smooth, as employment and wages have picked up, and disposable income further benefited from tax cuts.\""
    },
    {
      "heading": "Economic indicators and labor market",
      "content": "- Employment growth reached 2 percent.\n- The unemployment rate declined from 8 percent in 2005 to 6 percent in early 2008."
    },
    {
      "heading": "Channels, risks, and transmission",
      "content": "- External demand sensitivity: slowing in the euro area and U.S. is weighing on export growth.\n- Competitiveness has supported exports, but external cyclical weakness is causing deceleration.\n- Domestic demand supported by employment and wage pickup and by tax cuts that raised disposable income."
    },
    {
      "heading": "Policy topics and subject areas covered",
      "content": "- Aging\n- Banking\n- Central bank policy rate\n- Fiscal policy\n- Fiscal stance\n- Income\n- Inflation\n- National accounts\n- Personal income\n- Population and demographics\n- Prices"
    },
    {
      "heading": "Keywords (as provided)",
      "content": "- 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\n\n---\n\n Content in this bundle\n\n- cr08278\n  - cr08278 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr08278 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/sweden-2008-article-iv-consultation-staff-report-staff-statement-public-information-notice-22258"
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    "Published: August 11, 2008",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451836028.002",
    "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.",
    "The unemployment rate declined from 8 percent in 2005 to 6 percent in early 2008.",
    "External demand sensitivity: slowing in the euro area and U.S. is weighing on export growth.",
    "Competitiveness has supported exports, but external cyclical weakness is causing deceleration.",
    "Domestic demand supported by employment and wage pickup and by tax cuts that raised disposable income.",
    "Aging",
    "Banking",
    "Central bank policy rate",
    "Fiscal policy",
    "Fiscal stance",
    "Income",
    "Inflation",
    "National accounts",
    "Personal income",
    "Population and demographics",
    "Prices",
    "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",
    "**_cr08278**"
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