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Sweden

Author

Listed:
  • Oscar-Erich Kuntze

Abstract

Stimulated by the favourable international economy, economic policy and the falling exchange rate of the krona vis-à-vis- the U.S. dollar, GDP rose by about 3½% in 1999. Employment rose by ca. 2¼%, and the unemployment rate declined by 1¼ percentage points to ca. 7% on average. In 2000 the strong economic upswing will continue. Real GDP will grow by almost 3¾%. The labour market situation will continue to improve, and labour shortages - especially in skilled labour - will be increasingly felt. The unemployment rate should drop to ca. 6¼% on average. In 2001 the upswing is likely to lose momentum, slowed down by the effects of economic policy. Real GDP might grow by almost 3¼%. The unemployment rate will drop to about 5¾%. Consumer prices might rise by about 2%, after 0.6% in 1999 and 1½% this year.

Suggested Citation

  • Oscar-Erich Kuntze, 2000. "Sweden," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 53(09), pages 15-25, March.
    • Handle: RePEc:ces:ifosdt:v:53:y:2000:i:09:p:15-25
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    More about this item

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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