The recovery in the Swedish economy has not really taken off, as international demand has been weak. But now exports are expected to increase and the economy grows, government NIER according to the forecast released this morning.
Swedish exports has been weak for several years. Now that the crown is relatively weak and the recovery globally has more speed, it helps to Swedish exports will pick up going forward. It is expected to increase by five percent per year over the next two years.
NIER track that GDP will grow by about three per cent both this year and next year.
The signals if that the global economy is slowly improving is cautiously optimistic, writes AO. In the euro area, the recovery is more stable, thanks to the low price of oil and the European Central Bank’s monetary policy measures – the ECB’ve example, recently launched a purchase program of bond.
This is a trend that is positive for the Swedish labor market, according to KI In its forecast writes that employment will increase by 1.4 percent this year, and continues to increase at this rate for another two years. But as the population in Sweden increases, falling unemployment rate slowly. 2017 stands at just under seven per cent, compared to nearly eight percent in 2014, according to the forecast.
But in business is a negative outlook. In KI’s so-called Confidence in which Swedish companies and households must answer questions about how they see the economy, there was a decline in all sectors of industry.
Tendency Indicator declined overall by 2.7 units in March to 101.5. The biggest decline in the manufacturing industry where the indicator fell 4.6 devices. But despite the decline is the indicators of the business community above their historical average.
Households other hand, have a more positive outlook. After two months of declining numbers indicator rose in March by 2.9 units. Households looked favorably on its own economy, but more gloomy about the development of the Swedish economy.
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