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Swedish government raises GDP forecast ahead of September election
The government said stronger growth and tax cuts will support households and businesses as it tries to narrow an election-year polling gap.
- On Aug 27, Sweden's centre-right coalition raised its GDP growth forecast to 2.5% from 2.3%, stating its policies aim to boost households and businesses and outpace European rivals over the coming four years.
- To stimulate household consumption, the government implemented tax cuts on fuel and VAT on food while raising in-work tax credits ahead of the September 13 election.
- Sweden's projected 2.5% growth contrasts sharply with European rivals at around 1.1%; Finance Minister Elisabeth Svantesson stated 'Sweden is in a significantly stronger position than it was in 2022,' though households remain gloomy.
- Latest poll data shows the ruling coalition and the Sweden Democrats garnering 45.6% of the vote, trailing the opposition at 52.4% ahead of next month's election.
- Facing the election next month, the government hopes its economic narrative will reverse the polling deficit and improve Sweden's standing with voters before the September 13 vote.
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7 Articles
7 Articles
Swedish government raises GDP forecast ahead of September election
Sweden's centre-right coalition raised its forecast for GDP growth ahead of an election next month and said its policies to boost households and businesses meant Sweden's economy would outpace European rivals over the coming four years.
·London, United Kingdom
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Gasoline for just over a tenth, six percent in food VAT and a discount on commuter cards – for borrowed money. The election campaign in Sweden has developed into a race to lower the cost of living for Swedes the most.
·Copenhagen, Denmark
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Total News Sources7
Leaning Left0Leaning Right1Center5Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
C 83%
R 17%
Factuality
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