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Sweden: 2002 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sweden

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  • International Monetary Fund

Abstract

This 2002 Article IV Consultation highlights that a cyclical slowdown in domestic demand coupled with global economic weakness led to slower growth of Sweden in 2001. Private consumption stagnated despite rising disposable income, owing to adverse confidence and wealth effects from the continued plunge in stock prices. Exports suffered their weakest year in a quarter century, as telecom exports—the driving force behind the recent rapid growth—fell by about one-third. The weak krona and supportive fiscal and monetary policies, however, helped contain the severity of the slowdown.

Suggested Citation

  • International Monetary Fund, 2002. "Sweden: 2002 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sweden," IMF Staff Country Reports 2002/159, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2002/159
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=15994
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    Cited by:

    1. Aitor Erce & Enrico Mallucci & Mattia Picarelli, 2021. "A Journey in the History of Sovereign Defaults on Domestic Law Public Debt, Sovereign Histories," Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra 2108, Departamento de Economía - Universidad Pública de Navarra.

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