Sweden: Staff Report for the 1999 Article IV Consultation

September 2, 1999

Summary

This 1999 Article IV Consultation highlights that Sweden’s real GDP growth accelerated to 2.9 percent in 1998, as a result of a strengthening of domestic demand. Private consumption was aided by sizable real wage increases, declining unemployment, increased government transfers to households, and rising asset prices, while investment was boosted by a combination of improved profit conditions, a healthy economic outlook, and lower interest rates. Employment rose by 1½ percent in 1998, and by a further 2 percentage points during the first half of 1999.

Subject: Employment, Inflation targeting, Labor, Labor markets, Monetary policy, Wages

Keywords: ceiling, CPI objective, CR, Employment, Europe, expenditure ceiling, government, Inflation targeting, ISCR, labor market, Labor markets, monetary policy formulation, Riksbank, Riksbank's inflation report, Wages

Pages:
51
Volume:
1999
DOI:
---
Issue:
094
Series:
Country Report No. 1999/094
Stock No:
1SWEEA0011999
ISBN:
9781451835861
ISSN:
1934-7685

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Notes

Contains the text of Public Information Notice No. 99/87--IMF Concludes Article IV Consultation with Sweden and a statement by Mr. Kai Aaen Hansen, Executive Director, on August 25, 1999.

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