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

Author: International Monetary Fund

Volume/Issue: Volume 2008 Issue 278

Publication date: August 2008

ISBN: 9781451836028

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Topics covered in this book

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Banks and Banking , Inflation , Labor , Economics- Macroeconomics , Public Finance , Demography , ISCR , CR , slowing economy , business confidence , interest rate path , government , economy , staff appraisal , inflation expectation , market sentiment , lack nuance , fiscal policy council , Inflation , Income , Aging , Fiscal stance , Baltics , Global

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Republic of Congo : 2001 Article IV

Summary

This 2008 Article IV Consultation highlights that 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. Employment growth reached 2 percent, and the unemployment rate declined from 8 percent in 2005 to 6 percent in early 2008.