FOREX TradingCharts.com

Financial News: NIER Says Swedish Economy To Peak In 2018

NIER Says Swedish Economy To Peak In 2018

10/10/2018 - 04:45:00 (RTTNews)

(RTTNews) - The Swedish economy will peak this year but external demand will limit the slowdown, the National Institute of Economic Research said in its latest forecast, released Wednesday.

Gross domestic product is forecast to grow 2.5 percent in 2018, unchanged from the previous projection.

Then the growth is expected to slow next year as both manufacturing and housing investment will see slower increases. GDP growth is seen at 1.9 percent, unrevised from June.

The think tank forecast 1.7 percent expansion in 2020 and 1.8 percent in 2021.

Inflation is expected to rise to 2.5 percent next year from 2 percent this year. In June, the NIER had forecast 1.8 percent inflation in 2018 and 2.2 percent in 2019. The estimate for 2020 was retained at 2.5 percent.

The agency said to prevent core inflation from rising too far, the Riksbank is expected to commence a series of policy rate hikes in February next year.

The central bank will continue to raise the repo rate very gradually, and the inflation-adjusted repo rate will remain negative right through to the latter part of 2022, NIER added.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Japan Manufacturing PMI On Tap For Wednesday (01 hr(s), 14 min(s), 35 sec(s) ago)
(RTTNews) - Japan will on Wednesday see preliminary October numbers for the Manufacturing PMI from ...Full Story»

Eurozone Consumer Confidence Unexpectedly Improves In October (08 hr(s), 45 min(s), 35 sec(s) ago)
(RTTNews) - Euro area consumer confidence improved modestly in October, defying economists' ex ...Full Story»

Eurozone Banks Expect Loan Demand Growth To Continue In Q4: ECB Survey (09 hr(s), 10 min(s), 35 sec(s) ago)
(RTTNews) - Euro area banks expect further increase in demand for loans from businesses and househ ...Full Story»

UK Factory Orders Fall At Fastest Pace In Three Years: CBI (09 hr(s), 54 min(s), 35 sec(s) ago)
(RTTNews) - British factory orders dropped at the fastest pace in three years in the quarter to Oc ...Full Story»

Iceland Wages Rise In September (10 hr(s), 41 min(s), 35 sec(s) ago)
(RTTNews) - Iceland's wage index rose in September after declining in the previous month, figu ...Full Story»

Taiwan Retail Sales Growth Rebounds In September (11 hr(s), 34 min(s), 35 sec(s) ago)
(RTTNews) - Taiwan's retail sales annual growth gained momentum in September after slowing sha ...Full Story»

Poland Unemployment Rate At 28-year Low (11 hr(s), 49 min(s), 35 sec(s) ago)
(RTTNews) - Poland's unemployment rate eased slightly in September, after holding steady in th ...Full Story»

South Africa Leading Index Decreases For Second Month (12 hr(s), 09 min(s), 35 sec(s) ago)
(RTTNews) - South Africa's leading economic index dropped for a second straight month in Augus ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan Manufacturing PMI On Tap For Wednesday

10/23/2018 - 18:16 PM (RTTNews)
(RTTNews) - Japan will on Wednesday see preliminary October numbers for the Manufacturing PMI from ...Full Story>>

Eurozone Consumer Confidence Unexpectedly Improves In October

10/23/2018 - 10:45 AM (RTTNews)
(RTTNews) - Euro area consumer confidence improved modestly in October, defying economists' ex ...Full Story>>

Eurozone Banks Expect Loan Demand Growth To Continue In Q4: ECB Survey

10/23/2018 - 10:20 AM (RTTNews)
(RTTNews) - Euro area banks expect further increase in demand for loans from businesses and househ ...Full Story>>

UK Factory Orders Fall At Fastest Pace In Three Years: CBI

10/23/2018 - 09:36 AM (RTTNews)
(RTTNews) - British factory orders dropped at the fastest pace in three years in the quarter to Oc ...Full Story>>

Iceland Wages Rise In September

10/23/2018 - 08:49 AM (RTTNews)
(RTTNews) - Iceland's wage index rose in September after declining in the previous month, figu ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.