STOCKHOLM (Reuters) -Sweden’s economy is picking up speed after a period of sluggish growth, but uncertainty remains high, Finance Minister Elisabeth Svantesson said on Wednesday.
“You can say that the mood in the Swedish economy is better when it comes to both businesses and industry,” Svantesson told a press conference.
Sweden’s economy has struggled this year and households remain cautious about spending, despite real wage growth and eight rate cuts by the central bank since spring 2024.
In the third quarter, GDP growth was however faster than expected at 1.1% from the previous quarter, according to an October 29 flash reading.
The right-wing government’s budget for 2026 is the country’s most expansive since the pandemic, aiming to boost households and speed up growth ahead of a general election in September.
(Reporting by Anna Ringstrom and Simon Johnson, editing by Terje Solsvik)
Comments