Elisabeth Svantesson

Sweden’s economy has thus far weathered high interest rates and energy prices better than expected. Next year, however, Sweden will enter a recession that is expected to last until 2025. This is according to the Ministry of Finance’s latest economic forecast presented today by Minister for Finance Elisabeth Svantesson.

The Government today presented the Budget Bill for 2023 to the Riksdag. Among the proposals contained in the Bill are reforms to support Swedish households and businesses, strengthen welfare, increase security and bolster defence. It also includes measures for increased fossil-free electricity production, reduced emissions and a cleaner environment. The Budget Bill is based on an agreement between the Sweden Democrats, the Moderate Party, the Christian Democrats and the Liberal Party.

Sweden is facing a challenging economic environment. Households and businesses are under pressure from high inflation and rising interest rates. The Swedish economy is expected to enter into recession in 2023. Against this background, on 8 November, the Government presented its budget proposal for 2023. You can read more about the autumn budget here.

The Swedish economy is expected to enter into recession in 2023 amid rising unemployment, according to the Ministry of Finance’s latest economic forecast. Minister for Finance Elisabeth Svantesson presented the forecast today.