SEB Raises Swedish Economic Growth Forecasts Amid Signs of Strengthening Labor Market

Sweden's economic outlook for 2026 has been revised upward by SEB, one of the country's leading banks. According to Daniel Bergvall, SEB's chief forecaster, the Swedish economy has shown a noticeable acceleration in growth even before the full impact of last year's fiscal stimulus measures have materialized. Key drivers include a stronger labor market and rising real wages, which are expected to sustain robust economic growth through 2027.

These updated forecasts come amid a global environment that remains uncertain, yet Sweden appears to be demonstrating resilience. The improved labor market conditions underline the optimism about ongoing economic expansion, signaling a positive momentum despite external challenges.

Meanwhile, shifts in global financial markets are also noteworthy. Eurozone interest rates exhibit limited movement, and the US dollar trades at weaker levels with the dollar index around 97.2. In response, investors are increasingly seeking refuge in precious metals such as gold and silver, which are trading near their peak prices. Although these financial market developments are global, they provide a backdrop to Sweden's economic environment as monetary policy decisions evolve.

SEB's refined growth projections underscore confidence in Sweden's economic fundamentals and suggest that the benefits of recent fiscal and monetary policies are beginning to yield tangible results. This positive outlook aligns with stronger employment figures and increasing wages, indicating a healthy domestic economy poised for continued expansion.

As the year progresses, Sweden's economy will be closely monitored for how these forecasts materialize and how global financial dynamics might influence domestic growth and monetary policy considerations.