{
  "title": "Sweden: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Sweden",
  "publication": "IMF Staff Country Reports, March 26, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/03/26/sweden-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-46709",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2019/03/26/sweden-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-46709",
  "overlayPath": "/en/publications/cr/issues/2019/03/26/sweden-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-46709/index.md",
  "summary": "This Article IV Consultation highlights that Sweden’s growth is expected to slow in 2019, with material downside risks from the global economy and domestic demand. A data-dependent approach to monetary policy is appropriate.",
  "sections": [
    {
      "heading": "Growth outlook and risks",
      "content": "- Sweden’s growth is expected to slow in 2019.\n- Material downside risks stem from the global economy and domestic demand."
    },
    {
      "heading": "Monetary policy and inflation",
      "content": "- A data-dependent approach to monetary policy is appropriate.\n- Although underlying inflation is expected to rise gradually, uncertainties around this outlook have widened.\n- Subjects explicitly noted: core CPIF inflation, headline inflation, inflation prospect."
    },
    {
      "heading": "Fiscal policy and public finances",
      "content": "- Automatic fiscal stabilizers should operate fully.\n- The surplus should decline to the new medium-term target by 2020.\n- The fiscal surplus is estimated to have declined to just under 1 percent of GDP in 2018."
    },
    {
      "heading": "Labor market and wages",
      "content": "- Labor market reforms should enhance employment of migrants and the low skilled.\n- The social partners should update wage formation to reflect structural changes in the Swedish economy.\n- Subjects explicitly noted: labor market development, wages, income."
    },
    {
      "heading": "Housing, household debt, and macroprudential policy",
      "content": "- Reforms to improve housing affordability are needed even as macroprudential measures help contain household debt vulnerabilities.\n- The tightening of amortization requirements is well-targeted, and its effectiveness should be monitored.\n- Plans to eliminate rent controls on new construction should be complemented by phasing out controls on existing apartments.\n- Subjects explicitly noted: Housing, housing affordability, Housing prices, household mortgage debt growth, liability positions vis-à-vis nonresident."
    },
    {
      "heading": "Key statistics and metadata",
      "content": "- Publication date: March 26, 2019\n- Pages: 69\n- Series: Country Report No. 2019/088\n- Issue: 088\n- ISBN: 9781498305259\n- DOI: https://doi.org/10.5089/9781498305259.002\n\nSweden: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Sweden (IMF Staff Country Reports 2019, 088).\n\n---\n\n Content in this bundle\n\n- 1sweea2019001\n  - 1sweea2019001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1sweea2019001 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2019/03/26/sweden-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-46709/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2019/03/26/sweden-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-46709/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2019/03/26/sweden-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-46709/bundle-manifest.json)",
    "Published: March 26, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498305259.002",
    "Sweden’s growth is expected to slow in 2019.",
    "Material downside risks stem from the global economy and domestic demand.",
    "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.",
    "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.",
    "The social partners should update wage formation to reflect structural changes in the Swedish economy.",
    "Subjects explicitly noted: labor market development, wages, income.",
    "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.",
    "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",
    "**1sweea2019001**"
  ],
  "related": [
    {
      "title": "1sweea2019001",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2019/1sweea2019001.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2019/1sweea2019001.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2019/1sweea2019001.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2019/03/26/sweden-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-46709/index.md",
    "json": "/en/publications/cr/issues/2019/03/26/sweden-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-46709/index.json",
    "bundleManifest": "/en/publications/cr/issues/2019/03/26/sweden-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-46709/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-12T23:50:40.941Z"
}