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Swedes: Exports and economic policy assist the upswing

Author

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  • Oscar-Erich Kuntze

Abstract

Sweden was also affected by the international economic downturn in 2001 despite its stimulating economic policy. The real gross domestic product increased by only around 1.4%. The situation on the labour market remained favourable, however, with an unemployment rate of 5.1%. In 2002 the real gross domestic product will expand by around 1½%, the unemployment rate will grow to 5¼% for the year, and consumer prices will increase by around 2¼%. In 2003 economic activity should consolidate. Real GDP will increase by about 2¾%. The unemployment rate will decline to about 5%, and consumer price increases will be slightly higher than the level of 2002 at around 2½%.

Suggested Citation

  • Oscar-Erich Kuntze, 2002. "Swedes: Exports and economic policy assist the upswing," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 55(10), pages 37-44, May.
    • Handle: RePEc:ces:ifosdt:v:55:y:2002:i:10:p:37-44
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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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