Macro - Country Economic Forecasts - Sweden
We have lowered Sweden's growth for this year to 3.1% from 3.6% previously due to the fallout from Russia's invasion of Ukraine. The main channel will be from higher inflation, weighing on disposable incomes and private consumption. Input shortages, which had been easing until the invasion, are likely to worsen again, although Swedish trade with Russia and Ukraine had been minimal. The outlook is subject to significant uncertainty, with downside risks dominating.
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