Sure, there are losers when crown falls. It is more expensive to go abroad among others. But Sweden wins yet in a weaker crown think NIER.
A weak exchange is not only welcome for the Riksbank but also promotes the Swedish economy at large .
It says National Institute of Economic Forecasting Jesper Hansson Direkt.
“Now that there is slack in the economy and the industry still has the right low capacity utilization, it is not the fault of the export has an extra stimulus of a weak krona. It has a positive effect on exports, GDP and employment, “he says.
He says with a slight crown selling Swedish companies more abroad and create jobs in Sweden.
“It is clear that there are also losers. For those who have jobs, it becomes more expensive to go abroad, but those who win are those who get jobs when the industry is doing better,” he says.
Another, somewhat forgotten, winner of a weaker crown is the now quite significant tourist industry in Sweden.
“It has been a pretty important part of the economy. You can probably also the fastest see the effects. I imagine that this summer we will be seeing more tourists to Sweden and more Swedes who stay at home because of the weakening of the krona, “says Jesper Hansson.
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