Published 15 April 2024 at 08.48
Economics. Sweden's economy is mortgage-driven and continues to be weighed down by the pause in housing price increases, according to Finance Minister Elisabeth Svantesson (M), who is presenting a spring budget with 17 billion in extra spending today.
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– We are seeing a protracted economic cycle, driven perhaps most by housing investment but also by household consumption, she says at a press conference.
The disturbances in the price rally lead to more and more bankruptcies, not least in the construction sector and related industries. This year alone, the number of unemployed will increase by 40,000 people, according to the finance minister.
– It takes longer to get out of unemployment, says Svantesson at the press conference.
The recession will continue even in 2025 , according to the government's assessment.
– People are becoming unemployed now, says Elisabeth Svantesson.
It is an unusually large budget with new reforms for just over SEK 17 billion, of which SEK 6 billion goes to extra investments in healthcare and 1.4 billion to the Correctional Service.
A special investment is also made after the landslide on the E6 outside Stenungsund, where 1 billion kroner is added.