Soaring inflation. Credit: Fredrik Sandberg/TT
INFLATION
Soaring inflation to slow Swedish economic growth
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.
