The National Institute of Economic Research reports that the Swedish economy is continuing its gradual recovery. Gross domestic product is forecast to increase by 1.3 per cent this year, 2.5 per cent in 2004, 2.7 per cent in 2005.
The institute says that a ‘yes’ to the European Union’s single currency in next month referendum will speed recovery through lower interest rates. Should Sweden stay outside the euro zone, the Institute says, recovery would be slower with a GDP increase of 2.3 per cent in both 2004 and 2005.
Meanwhile, Statistics Sweden reports that import prices fell 0.4 per cent from June to July, while on average producer prices were stable. During the last twelve months import prices fell by 3.7 per cent.
Source: SR International
