Why is Sweden’s economy performing so badly, assuming that Sweden does not depend on Gas for energy to the likes of Germany and UK(And also no Brexit)

46 comments

  2. The energy market in the EU is sort of shared, which has led to high energy prices in Sweden despite low dependency on energy import or gas.
    Sweden is very export dependent and is therefore impacted by global downturn.
    Households in Sweden have a lot of debt so increases in interest rates have impacted personal economy a fair bit.

    But also this is just a prediction, we’ll see what happens

  4. För många som lever på samhället istället för att bidra. De utför och kommer snart bli störtlopp. Sverige Uland 2030

  7. The fact that small Sweden has its own currency isn’t helping us atm. Especially since the Dollar/SEK conversion rate has risen quite a bit.

  9. Its not, if you own a company, the company profits are of the charts, best in 70 years. So much for the “recession” and “Russian inflation”…

  10. As earlier said before. High energy prices despite being able to support ourselves. The shared market causes southern Sweden with most inhabitants to have european continental prices.

    And since alot of swedes live in houses which requires heating, our energy consumption is higher than the average German that lives in apartments.

    Not to mention the many industries across our land. Currently our government is financially aiding for the energy bills. But the bills are nasty, anyone that lived on margins before is getting fucked by the sudden price jumps in all sectors. Specially housing which has been fucked for years.

  11. What’s with all the racists blaming immigrants here?

    The graph is about GDP growth, i.e. change in GDP from 2022 to 2023, so what’s special about 2023 in terms of immigration? Like, do you think immigrants are all colluding and waiting until next year to sabotage our GDP for some reason?

  12. Sweden, along with other EU countries such as Czechia, is paying for Germany’s historic mistake of relying on Russia for oil and gas.

    In 2008, Russia invaded Georgia and occupied part of it. 3 years later, in 2011, Angela “Mutter” Merkel, despite of all the criticism, decided to construct Nord Stream.

    In a way, Germany is a neocolonialist empire exploiting other European countries, especially East Europe – it would not be an exaggeration to say that Merkel and Putin had an ambition of partitioning and occupying all of East Europe, like how Adolf Hitler and Joseph Stalin planned in 1939. Along with another paleocolonialist super power, i.e. the Fifth Republic of France, they are the greatest colonialist empires in Europe.

  15. Behövde köpa lite nya kläder och tänkte mig inte för utan åkte till Mall of Scandinavia på en löne-/black friday-helg igår. Varken inflation eller räntehöjningar såg ut att vara något problem för massorna där.

  18. Sweden has a high inflation rate because of different resons (energy prices being one), which is driving up interest rates. Sweden also has extreme private debts following an unprecedented hike in housing prices that has lasted at least a decade and a half. As inflation and interests are going up together with energy prices swedish households are cutting back expenses to cope with the new reality.

  20. Electricity prices have risen dramatically in Sweden thanks to Germany because it’s a single market. Diesel prices went up too.

  21. Besides this being a forecast, you wont get much rational explanations here. Would be wiser to read up on what experts and papers say to get a general idea

  23. We had socialist and communist ruining this country for 8 years. The people got feed up and voted right-vinged.

  25. Sweden is a cold nation in the nothern Europe and we are used to certain level of high taxation and access to cheap electricity that brings wealth to all living in Sweden to be able to cope with the bad weather.

    If these high prices continues Sweden could be next to exit EU unless the EU co-operation doesnt collapse before that.

    Best way to decrease inflation in Sweden is to blow up all cables used to export electrical energy.

  27. Why are all the EU countries with a ton of imigrants there. Well its 100% not because of this absolutley not, not even a fraction of a %. Just to make it clear, absolutley not…

  29. Sweden’s economy is based around industrial, cyclical production – steel, forestry, trucks, off road machinery etc. These are industries which will take a big hit in a recession as we will not be exporting as much.

    However, I think the forecast is far too negative. The weak Swedish krona will make our goods a lot more competitive so I do expect at least decent growth in some areas.

  30. These numbers are guesses at best. It shows expected trend – decline or increase in GDP. Cant trust the ”number” to same degree. But one can say miracle is expected by ireland.

  31. Other than all factors mentioned here our demography is also quite brutally changed the last decades.
    We have a over worked not too large extremely tax-burdened group of Swedes supporting not only our young and pensioners but also a massively growing parallel society which have way too large part of non-contributors of working age.

  32. We export stuff, like heavy turbine machinery to places like russia. Our industry is also taking major hits from the energy shortage (which itself originates from the fact that we export all our energy to stupid f*cks like germany).

  33. The Swedish economy is highly dependent on kanelbullar-sales (as viewed by the KB-index). Main operators in this marked would be ICA and Ikea, and marked shares driven by primarily Danish tourism has eroded.
    Inflation has recently driven the KB index into the negative range, and as such economic growth has stagnated.
    ¯\_(ツ)_/¯

    Skåne til Danmark.

  34. The Swedish Krona is tanking simply because it is a small currency in a time of uncertainties. This in turn translate to shrinking economy in terms of purchasing power.

  37. Swedish economy is cut off by the greedy state.

    * Due to high taxes, internal consumption is rather limited (as a part of the economy).
    * In extension entire service industry is rather underdeveloped.
    * Most things here are 30-50% more expensive compared to central Europe, the few tourists who visit bring their own booze.
    * A lot has been said about the property boom (that’s starting to unfold).

    If you can invest across entire EU, why would a business choose Sweden to invest in?

  38. Why are we using GDP as a way to see how the economy is doing? Is there a limit to the GDP? Because it seems that every time GDP isn’t going up, it’s a failure. Why?

  41. Because consumption is sharply declining. This is happening due to the reduction in purchasing power because swedes have one of the highes private debts in europe. When the interest rates have risen people have very little left to spend at the end of the month because of excessive private debt.

  43. People are mainly missing out on the fact that Sweden was the European country that was most dependent on UK being in the EU.

    In several reports about the impacts of a Brexit from 2016 points out that Sweden has 22% of its total export to the UK and that Sweden will suffer hardest of the EU members if it was going to be a hard Brexit or a Brexit that has high impact on the British economy.

    You can also read..

    >Under WTO rules Sweden would face higher trade weighted average tariff rates than the other EU members, however due to higher degree of openness potential costs as a share of GDP are higher in Latvia and Lithuania. Degree of damage would depend on institutional preparedness/contingency planning and ad hoc agreements for key issues such as financial services or air space.

    ​

    >..Brexit constitutes major unique challenges for Sweden compared to other European Union members, not just the economy but also the Swedish influence in the European Union.

    ​

    >​ Given the extensive trade with Britain, the weight of the pound (GBP) in Sweden’s trade-weighted exchange rate index (KIX) is substantial.

    ​

    Also everyone expected that the impact of Brexit would be lower since the Swedish and Norwegian Krona would get a substantial increase in their value. That has not happen.

  44. Because Sweden is a conservative wet dream and the end result of that is when times are tough everything hits much harder for a myriad of reasons.

  46. Varför kan r/Sweden aldrig diskutera någonting utan att det blir en värdelös rasistisk circle jerk där man inte kan erhålla någon kunskap eller nyttig information över huvud taget?

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