Sweden | Country Economic Forecast May

The Swedish economy grew by 1.1% in Q1 according to the flash estimate, the best performance in western Europe. Monthly indicators show that this was driven by household consumption, which rose 3.1% q/q, and private sector output, up by 1.4%.

What you will learn:

• Flash Q1 GDP surprised on the upside
• We have raised our forecast for 2021 to 3.7%, driven by consumer spending
• The crisis brought a major fiscal response that will continue in 2021 and 2022