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Press release from Ministry of Finance

Sweden’s economy continues to perform well


The Ministry of Finance is today presenting the latest forecast for the economy and public finances.

"Our forecasts for growth and unemployment remain largely unchanged, but public finances are expected to be somewhat stronger than they were in the last forecast," says Minister for Finance Magdalena Andersson.

Growth is expected to be 2.8 per cent this year, to then slow to 2.2 per cent next year. The unemployment forecast remains unchanged and unemployment is expected to continue to fall, at the same time as the employment rate continues to be the highest in over 25 years.

Public finances are estimated to be somewhat stronger, both this year and next, than forecast in December. This upward revision is primarily due to reduced government expenditure, but also because tax revenues are considered to be growing slightly faster.

The risk of growth being weaker than expected is substantial, however. In addition to the risk of a more dramatic slowdown in China, political uncertainty surrounds Brexit and the United States, coupled with recent financial unease and volatile housing prices.

"This is why it is so important that the Government has turned a deficit into a surplus during this electoral period, at the same time as the national debt has fallen substantially and unemployment has been pushed back. Sweden is thus well equipped to tackle both social problems and any economic imbalances," says Ms Andersson.


Isabel Lundin
Press Secretary to Minister for Finance Magdalena Andersson
Phone (switchboard) +46 8 405 10 00
Mobile +46 76 296 46 38
email to Isabel Lundin
Gösta Brunnander
Press Secretary to Minister for Finance Magdalena Andersson
Phone (switchboard) +46 8 405 10 00
Thomas Bergman
Head of the Division for Public Finances
Phone +46 8 405 47 18
email to Thomas Bergman, via senior registry clerk
Thomas G Pettersson
Head of the Public Finances Division
Phone + 46 73 985 08 37
email to Thomas G Pettersson, via senior registry clerk