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Positive forecast for Swedish exports

Trade within Europe and between Europe and North America has increased at a more rapid pace than overall global trade, a development which has benefited Swedish exports. Financial statistics for the first three quarters demonstrate that 2015 will go down in history as a one of the weaker years of international growth; however the prognosis for 2016-17 looks much more optimistic.

Business Sweden’s Chief Economist earlier today presented an international economic forecast covering 2016-17. The macro analysis monitors 37 countries and the development within these different markets makes up the foundation for Business Sweden’s forecast and expectations on Swedish exports

-        Despite an overall weak economic growth, we notice a continued recovery in Europe in 2015. The recovery has generated increased trade flows within Europe and between Europe and North America. This has resulted in an excellent outcome for Swedish exports with an increase of 4.7 percent in the first three quarters. During 2016, fixed investments are bound to take off and the West will see the most advantageous investment climate since 2006. A development which will further benefit Swedish exports. As a result Business Sweden is revising our export forecast for 2016 from 4 percent to 5 percent, says Mauro Gozzo, Chief Economist at Business Sweden.

For additional information, contact:

Elisabeth Somp, Head of Media Relations at Business Sweden

T: +46(0)72-540 93 38 E: elisabeth.somp@business-sweden.se

Business Sweden’s purpose is to help every Swedish company to reach their full international potential and companies abroad to reach their full potential through investments in Sweden. We help our customers through strategic advice and hands-on support. Business Sweden is owned by the Swedish Government and the industry. Business Sweden was founded on the first of January, 2013, by a merger of the Swedish Trade Council (Exportrådet) and Invest Sweden.

 

10 December 2015