ChainCatcher news: Economists at Sweden's Nordic Bank said in a report that Sweden is expected to achieve considerable growth in the coming years as the US economy is expected to have a soft landing and boost the global economy.
The Federal Reserve is expected to cut interest rates from their current high levels next month, with some analysts suggesting policymakers may cut by half a percentage point rather than a more cautious quarter percentage point.
SEB said this should add momentum to Sweden, where the central bank has already cut interest rates twice. Lower interest rates and taxes will boost domestic output, which will rise by 2.6% in 2025 and 2.9% the year after, according to the latest forecast, said Jens Magnusson, the bank's chief economist. A U.S. recession could be avoided after all, which would benefit the entire global economy. (Jinshi)
