We have lowered Sweden's growth for this year to 3.1% from 3.6% previously due to the fallout from Russia's invasion of Ukraine. The main channel will be from higher inflation, weighing on disposable incomes and private consumption. Input shortages, which had been easing until the invasion, are likely to worsen again, although Swedish trade with Russia and Ukraine had been minimal.
What you will learn:
Topics: Europe, Consumption, Inflation, Labour markets, Coronavirus, GDP, Unemployment, Employment, Recovery, Growth, Nordic, Sweden, Country Economic Forecast, Covid19, Outlook, Russia, GDP growth, CPI inflation, Covid restrictions, Omicron, Ukraine