Swedish govt sees a slower growth in 2022, as COVID resurgence bites to his stomach

Swedish govt sees a slower growth in 2022, as COVID resurgence bites to his stomach ...

STOCKHOLM, 22 Dec - Sweden's economy will go down slightly faster than it has already expected next year, said the government on Wednesday. An increasing level of COVID infections and a severe fight against the spread will surely harm the activity.

The economy in Sweden has gotten very good from the pandemic earthquake but continued to recover in new health conditions and the spread of an unusually contagious Omicron variant has clouded the outlook.

The economy is expected to grow at 4.9% in 2021.

The progress is forecast for 2022 by 34% compared to the lowest forecast that is 35% a day, though a reduction in some restrictions increases the uncertainty associated with the forecasts.

The finance minister told a news conference that, even if it is a falling revision (for 2022), it is still a strong growth level compared to the historical average.

If something goes wrong or a lot longer and a lot of restraints exist for a long time, it'll do well, he said.

The government expects inflation - which hit the number which was not observed since the late 90s in November - to increase back next year and help us score 21%, just above the standard 2.0% target.

The government of the centre-left took up some restriction and support measures in early this month and warned against more potential potential problems by taking on new infections.

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