Concern is growing over the world economy. With the risk of a hard Brexit and a trade war between the US and China, the Swedish economy is under threat. However Finance Minister Magdalena Andersson (S) considers there to be no need for tightening up.
“If it is the case that the economy is slowing, then that is not the time to implement large savings,” she says.
In a few weeks, the finance minister will present new forecasts for the Swedish economy at the government meeting at Harpsund. The forecast will form the basis for the budget that the government will negotiate with the Centre and Liberal parties.
Commenting on concerns that the global economy will affect the Swedish one, she says, “It has been our assessment for a while now that growth is slowing. We are now seeing how international development is affecting Sweden.”
She says it is too early to draw any conclusions about how the trade war between the US and China will affect Sweden ahead. “So far it has mostly affected the US and China and could even open up export opportunities for Swedish companies. However if there is a large scale trade war then of course it affects the entire world economy.”
She says that Sweden is well equipped for an economic dip with the lowest state debt since 1977.
She comments, “I have been criticised both for saving too little and saving too much. My assessment is that we have pursued a well-balanced policy.”
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