Sweden Set for Stronger Growth

Sweden’s economy is set for strong, broadbased growth according to a report released Tuesday by the SEB bank, although “production bottlenecks” will limit growth, SverigesRadio reported. The report forecast GDP growth of 3.1% this year, and 2.6% in 2018. The 2018 figure was a “slight upward revision of our earlier already optimistic forecast,” SEB said in a statement.

“The government will take advantage of the very favorable fiscal situation—annual budget surpluses of 0.6% of GDP and government debt that will fall by 4 percentage points to 38% of GDP—and will unveil an election budget this autumn with an expansionary direction,” the report concluded.