The Swedish exports are expected to grow by 2 percent this year, according to a new forecast from Business Sweden. In September, the projected increase will be 2.5 percent.
Next year, exports are expected to increase by 4 percent and then increased by 4.5 percent in 2016.
– This year has been quite bad, companies were rather optimistic, but the recovery was frozen. It looked better in February, when there was some optimism that did not materialize, said Mauro Gozzo, chief economist at Business Sweden.
The increased optimism for 2015 and 2016 is due to the drop in oil prices, which according to Business Sweden represents precisely the growth impulse that the world economy has been waiting for.
“It works in practice, much like a global improvement in productivity. In reality, it represents a transfer of wealth from the oil-producing countries to the oil-consuming countries, “writes Business Sweden, which promotes Swedish exports, in its market review.
The US is the locomotive of the world economy, but the country is in the slowest recovery “in living memory”. China is no longer the locomotive as it has been. But the fear that China is going in the wall is excessive, consider Gozzo.
– There is still room for higher growth and China has become a major economy in absolute terms.
The Nordic countries is the region that primarily holds back growth for the Swedish export market as the region weighs heavily. In Norway, the falling price of oil a source of concern and growth is expected to be significantly lower next year. Finland is still in a slump and has been affected by Russia’s decline. Denmark, however, on the way out of the slump.
Asia is predicted to have the highest market growth in the coming years. The region is home to several of the countries that are big winners at a lower oil price. Losers include Norway and Russia.
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