Sweden: Staff Report for the 1999 Article IV Consultation

International Monetary Fund

No 1999/094, IMF Staff Country Reports from International Monetary Fund

Abstract: This 1999 Article IV Consultation highlights that Sweden’s real GDP growth accelerated to 2.9 percent in 1998, as a result of a strengthening of domestic demand. Private consumption was aided by sizable real wage increases, declining unemployment, increased government transfers to households, and rising asset prices, while investment was boosted by a combination of improved profit conditions, a healthy economic outlook, and lower interest rates. Employment rose by 1½ percent in 1998, and by a further 2 percentage points during the first half of 1999.

Keywords: ISCR; CR; Riksbank's inflation report; Riksbank; government; CPI objective; ceiling; labor market; expenditure ceiling; monetary policy formulation; Labor markets; Inflation targeting; Employment; Wages; Europe (search for similar items in EconPapers)
Pages: 51
Date: 1999-09-02
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