Wednesday, February 8, 2017

OECD: Swedish economy is strong – but the big problem is – the Swedish newspaper svenska Dagbladet

the OECD secretary-general Angel Gurría and finance minister Magdalena Andersson (S). Photo: Jessica Gow/TT

Productivity now take the momentum, says OECD secretary-general Angel Gurría at a press conference.

But don’t see it out in large parts of the rest of the world. Productivity growth in Sweden of around 3% is higher than, for example, Germany and the united states, according to Gurría.

finance Minister Magdalena Andersson declares on the common pressträffen:

” I’m not going to go on vacation.

OECD says that the finances are strong and the business sector competitive and multi-faceted, employment has risen and unemployment has fallen. However, the problems with the high thresholds in the labour market and increasing the gaps should be filled.

the OECD proposes, inter alia, to increased payments of social security and simplification for newcomers to enter the labour market, and a major reform of the housing market.


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the Housing crisis is a big problem for Sweden, according to the OECD. Related to this is the heavy lifting of house prices, which, in turn, stoke on household indebtedness. In order to slow this development, which is considered unsustainable in the long term, to the OECD, including ensuring that the Swedish authorities before a skuldkvotstak. It would mean a limit to how big the the mortgage loan a household can take related to the household’s income – a proposal already discussed by the Fsa.

the OECD also points out both ränteavdraget as the property tax and rent control as problematic – particularly for low-income and without fortune.

A positive effect of migration is according to the OECD, that the population has become younger, which should reduce the pressure on the pension system in the future if the integration is handled in the right way.

"Immigrants will provide a significant addition to future production increases, given that the integration is effective and allows them to develop their skills and find matching jobs," writes the OECD.

the OECD also proposes regulatory simplification in the construction process and that compensation levels in the social insurance system be reviewed, in order to reduce the gap between the support paid and earned income that has grown over the years with low inflation.

Gender when it comes to salaries is a Swedish problem, as the OECD highlights. For example, it identifies the organization that the women are still clearly underrepresented in corporate boards, in executive positions, well-paid jobs and in some segments of the labour market.

"Promoting female entrepreneurship and promoting women in appointments of senior managers is also essential," writes the OECD.

On jämställdhetssidan can women’s career prospects, among other things, promoted to the parental change so that it must be distributed even more equally between the parents.

Special efforts to increase foreign-born women’s participation in the labour market is another recommendation from the OECD.

OECD sees american wavering

  • the OECD expects according to a 124-page report on the Swedish economy, Sweden’s economic growth decelerates to 2.7 per cent this year from last year’s 3.3 per cent. In 2018, GDP growth is 2.2 percent.
  • the Unemployment rate is expected to drop marginally to 6.7 per cent in the year to stay there even 2018, which means that the government’s goal of the lowest rates of unemployment in the Europe 2020 looks difficult to reach.
  • the Riksbank’s inflation target of 2 per cent seems to be within reach by 2018, according to the OECD economists ‘ inflation forecast. For 2017 expect the OECD to the Swedish inflation will increase to 1.5 per cent from last year’s 0.9 per cent.

Source: OECD

see also

the minister of Finance: "Worried about household debt"

Household debt

OECD warns: Swedish housing unaffordable


SEB track of higher growth and valfläsk from the government


Sweden beats all the other countries – or is it?



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