Inflation in Sweden is on its way to over 11 percent, according to the big bank SEB’s economists.
The peak will be reached at the beginning of 2023, according to the forecast. One factor driving the development is higher electricity prices, but other prices are also pointing upwards, according to the bank.
At the same time, SEB’s economists lower their forecast for GDP development in 2023 to a reduction of 1.5 percent. As recently as August, SEB expected zero growth next year.
The Riksbank is predicted to raise the key interest rate to 2.75 percent in February 2023.