Published 11 August 2021 at 12.37
Economics. Relieved restrictions help households increase consumption and the economy makes “a shot of joy”, according to a new report from the National Institute of Economic Research. However, the delta variant of the coronavirus is a significant uncertainty factor.
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The recovery in the Swedish economy continued as expected in the second quarter of this year. According to Statistics Sweden's GDP indicator, GDP increased by 0.9 per cent at the same time as employment rose by 1.2 per cent. a shot of joy “. After that, the recovery enters a calmer phase.
However, the delta variant of the coronavirus is a significant uncertainty factor, according to the authority. If the spread of infection continues to increase during the autumn and the restrictions are tightened again, there is a risk that the recovery will come.
The assessment that the economy will continue to improve during the autumn and winter is also based on the assumption that Cementa's production on Gotland does not lead to a comprehensive shortage of cement in Sweden.
Public finances will strengthen this year when the economy recovers. The National Institute of Economic Research's assessment is that there is room for approximately SEK 40 billion for unfunded measures in the budget for 2022. This is approximately SEK 10 billion more than the assessment in June. If the ambition is to maintain the staff density in publicly funded activities and at the same time increase the standard at a normal rate, the majority of the budget space is mortgaged.