Sweden's export growth is likely to be 3.1 per cent, measured in volume, in 2019 and 1.8 per cent in 2020, forecasts Business Sweden.
This is lower than the historical average of 4 per cent during the period 2000-2018. In the March forecast, Sweden's exports were predicted to grow by 3.0 per cent in 2019 and by 3.4 per cent in 2020.
The world economy has entered a slowdown, with expected GDP growth of around 3 per cent in 2019 and 2020. “The escalated trade conflict between the US and China, which has reached a level that makes it a threat to the material flow in the manufacturing industry, is a major contributory factor to the sharp slowdown in the world economy,” says Lena Sellgren, chief economist at Business Sweden.
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