## 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

_IMF Staff Country Reports, August 11, 2008_

## Source details

**Canonical URL:** [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](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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## Bibliographic details
- Published: August 11, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451836028.002

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### Key findings
- 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."

### Economic indicators and labor market
- Employment growth reached 2 percent.
- The unemployment rate declined from 8 percent in 2005 to 6 percent in early 2008.

### Channels, risks, and transmission
- 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.

### Policy topics and subject areas covered
- Aging
- Banking
- Central bank policy rate
- Fiscal policy
- Fiscal stance
- Income
- Inflation
- National accounts
- Personal income
- Population and demographics
- Prices

### Keywords (as provided)
- 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

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/sweden-2008-article-iv-consultation-staff-report-staff-statement-public-information-notice-22258_