Update of Sweden's Convergence Programme 2004 Reference No.: Fi 2004.32

The convergence programme shows that Swedens economy is on a positive track. GDP is expected to increase by 3.5 per cent in 2004 and 3.0 per cent in 2005. Net lending in the public sector is estimated at 0.7 per cent of GDP in 2004 and 0.6 per cent in 2005. Consolidated gross debt in the public sector, the so-called Maastricht debt, is expected to decline to 50.5 per cent of GDP in 2005.