Wednesday, May 26, 2010

Sweden - OECD Economic Outlook 87 Country Summary

From OECD: Sweden - Economic Outlook 87 Country Summary

The Swedish economy experienced a severe recession in 2008 09. Although activity is regaining momentum, economic slack is now substantial and unemployment will remain high for some time.

While policy interest rates are set to start rising fairly soon, the monetary stance ought to remain stimulative for some time. Fiscal policy is supportive of demand in 2010 and, together with specific measures to limit long term unemployment, is mitigating the rise in unemployment. However, once the recovery becomes firmly established, fiscal discipline will be needed in order to reach the medium-term budgetary surplus target.
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