Macro - Country Economic Forecasts - Sweden

We've lowered our near-term GDP growth forecasts for Sweden by 0.2ppts to 2.2% in 2025 and by 0.3ppts to 2.2% in 2026. We now expect an across-the-board tariff of 10% to be applied on the EU by the US, which will dampen exports and investment. Meanwhile, higher inflation and uncertainty will negatively affect consumption. Unemployment is also set to decline at a slower pace. That said, we still expect a domestic demand-led pick-up in activity this year.


Sweden: Trade tensions set to dampen growth
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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