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Sweden: Downturn in exports weakens the economy

Author

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  • Oscar-Erich Kuntze

Abstract

In 2000 the strong economic upturn continued in the third quarter, with real GDP expanding by 3.6% and the labour market continuing to improve. The un-employment rate fell to an annualised rate of 5.9%, and consumer prices rose by only 1.3%. In 2001, real GDP should increase by about 2½%, thus again running nearly parallel to the expansion of production potential. At 5½%, the unemployment rate will again be lower than the Western European average in 2001.

Suggested Citation

  • Oscar-Erich Kuntze, 2001. "Sweden: Downturn in exports weakens the economy," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 54(08), pages 42-49, May.
    • Handle: RePEc:ces:ifosdt:v:54:y:2001:i:08:p:42-49
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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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