SEB chief economist Robert Bergqvist
government's credibility crisis

SEB pessimism about Swedish growth

Robert Bergqvist, chief economist at the SEB bank, says the continued political and economic turmoil in the world is slowing down Swedish growth. Speaking to Swedish Radio News, Bergqvist says the government should write down its economic forecast and conduct more expansive finance policies.

Bergqvist is particularly concerned about France, the second largest economy in the EU, which on Monday was given a downgrade by the credit rating institute Moodys.

SEB’s report Nordic Outlook repeats its criticism of the government’s economic forecasts and says the government “is in a credibility uphill slope”.

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