We have raised our full year 2022 GDP growth forecast to 3.6% from 3.3% previously, due to the especially strong flash estimate for Q4 2021. The Omicron wave has probably peaked and has been mild overall, with restrictions largely abolished. However, we expect inflation to stay higher for longer, denting real incomes and presenting a downside risk for our consumption outlook.
What you will learn:
Topics: Europe, Consumption, Inflation, Labour markets, Coronavirus, GDP, Unemployment, Employment, Recovery, Nordic, Sweden, Country Economic Forecast, Covid19, Outlook, CPI inflation, Covid restrictions, Omicron