The NIER estimates that Sweden’s GDP will grow by 3.3 percent in 2016, 2.0 percent in 2017, 1.9 percent in 2018, 1.5 percent in 2019 and 2.1 percent in 2020. According to the KI economic forecast presented today.
forecasts from June was a growth of 3.6 percent in 2016, 2.1 percent in 2017, 1.8 percent in 2018, 1.5 percent in 2019 and 1.9 percent in 2020.
“GDP growth in Sweden slowed in the first half after a very strong performance in 2015. the evidence suggests that the decline was temporary and that the boom will continue,” said KI .
“the growth is driven mainly by increased consumption and investment. Next year declines of investment growth, which means that GDP will grow more slowly. Then it rather than household consumption and exports are the main driving forces for growth”, continues KI.
Calendar-adjusted GDP is expected to be at 3.0 percent in 2016 (previous forecast: 3.4) and 2.3 per cent in 2017 (2.3).
NIER estimates that unemployment will amounting to 6.7 per cent in 2016 (6.9). During 2017 and 2018 expected levels of 6.3 percent (6.3) and 6.2 percent (6.3). For 2019, expected a level of 6.4 percent (6.4) and for 2020 expected an unemployment rate of 6.7 percent (6.6).
CI believes that the repo rate will amount to -0, 50 percent at the end of 2016 and to 0.25 percent at the end of 2017 (0.00).
CPI inflation is expected to reach 1.0 percent in 2016 (0.9), to 1, 4 percent in 2017 (1.4), to 2.7 percent in 2018 (3.1), to 3.4 percent in 2019 (3.5) and 3.1 per cent in 2020 (3.1).
underlying inflation, CPIF, estimated to be 1.4 percent in 2016 (1.4), 1.7 per cent in 2017 (1.7), 2.0 per cent in 2018 (2.2), 2.4 percent in 2019 (2 , 5) and 2.2 per cent in 2020 (2.2).
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