Anna Breman, chief economist at Swedbank. Photo: Anders Ahlgren
Western countries’ economies staggers forward, and Sweden are not unaffected by the situation in the outside world. Economists agree that growth will fall in the coming years. Swedbank track in a new economic forecast growth of 3.3 percent this year and 2.3 percent next year, which is close to government figures presented last week.
– There are two things that are especially needed the Swedish economy to grow. It is about the labor market and housing, which must continue to increase, says Anna Breman, chief economist at Swedbank.
Residential contribute to GDP growth, and access to housing enables young and new immigrants to apply for jobs and training.
and the increasing division of labor, where native-born with tertiary education have been easy to get a job while the foreign born and those with low educational attainment lags behind, requiring more action continues Breman.
– the phrase that if you stand with one foot in boiling water and the other in an ice bucket so the average is maybe okay, but it is not so convenient. That is the situation on the Swedish labor market right now.
In many parts of the West required under Swedbank reforms to boost the economy. This can include everything from education reform to change the tax system. But it is hampered by the populist tendencies, like Donald Trump’s success and Britain’s yes to EU exit seen as symptoms.
– Populism is to have simple solutions to complex problems, solutions that increase productivity, for example. It will be difficult for politicians in the established parties to make the tough reforms needed, says Anna Breman.
In Sweden the situation a little different.
– economic development has been so much better in Sweden. But it is a weak political position in parliament, making it harder to get a hold of some of the difficult long-term issues, like housing. We got no housing political agreement, for example. It had been good for growth.
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