Soaring inflation to slow Swedish economic growth

0:50 min
  • The Swedish economy is to grow slower than expected this year according to a new forecast by the National Institute of Economic Research, KI.

  • Disruptions in global value chains, economic politics during the pandemic and Russia's invasion of Ukraine has contributed to inflation in many parts of the world.

  • KI lowers its forecast for Swedish GDP growth both this year and next to 1.9% and 1.2% respectively.

Correction: In an earlier version of this article we used the term "recession" to translate the Swedish term "lågkonjunktur", "slower growth" is however probably a better translation in this case.