FALCON POWERS – The Swedish Statistics Agency has issued a new report indicating that the Swedish economy has very weak indicators, according to the report’s description. The agency also noted that the state of the Swedish economy is extremely poor and still suffering from a deep recessionary crisis.
In a statement, the agency described the economic situation as ten out of twelve key economic indicators recording low figures in recent months, indicating the worsening of the deep recession affecting the Swedish economy and severely impacting citizens.
Economist Caroline Ahlstrand from the Statistics Agency said: “The Swedish economy is in poor shape and is still stagnating. Economic activity in June 2024 was at the same level as June 2022. There is no real growth. At the same time, the living conditions of Swedes remain unstable, and economic indicators have shown a continued decline in household consumption, reflecting the difficult economic situation facing Swedes.”
The report from the Swedish Statistics Agency comes after several economic reports predicted a recovery of the Swedish economy by the end of the current year and the beginning of the new year. However, the indicators show weakness in consumption and a decline in citizens’ purchasing power, along with rising unemployment, stagnant cash incomes, and a decline in real income.
