The Swedish economy remains strong although major injections will be needed to cope with welfare over the next few years.
In Finance Minister Magdalena Andersson’s latest forecast, most of the curves indicate a positive trend. Growth is high, unemployment is low and the strength of the global economy is helping fatten up Sweden’s finances. Only small adjustments have been made in the forecast since December and unemployment and GDP growth are at the same level.
The finance minister expects the big issue to be securing quality in welfare. “Our assessment is that SEK 20 billion in general state contributions will be needed to be able to meet the demographic challenge. In addition we have ambitious increases. We have presented five more billion for healthcare and six billion to education.”
The Moderates believe the government ought to have used the strong economy to prepare Sweden for the next recession. “We have a very strong economy but a weak government. There is now a reason to save even more for when things change,” says Elisabeth Svantesson the party’s economic spokesperson.
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