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Swedish Economy Strengthens Amid Eurozone Fiscal Challenges - Monetary Policy Report July 2010

The July 2010 Monetary Policy Report highlights the robust performance of the Swedish economy despite ongoing fiscal issues in Europe. With continued global recovery, Sweden shows significant GDP growth and increasing employment, while inflation aligns with targets. The report notes a limited impact on financial markets, with the interbank and government bond rates differing minimally. Public finances in the euro area remain a concern, but higher domestic demand is expected to drive further economic progress.

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Swedish Economy Strengthens Amid Eurozone Fiscal Challenges - Monetary Policy Report July 2010

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  1. Monetary policy report July 2010

  2. Swedish economy developing strongly

  3. …despite fiscal problems in Europe Sources: OECD and the Riksbank Public financial balance as a percentage of GDP

  4. Limited impact on the financial markets Difference between interbank rates and government bond rates (TED spread) Sources: Reuters EcoWin and the Riksbank Note. The differetial is calculatde as the difference between the three-month interbank rate and three-month treasury bills.

  5. The global recovery is continuing Sources: Bureau of Economic Analysis, Eurostat, Statistics Sweden and the Riksbank GDP, quarterly percentage change calculated as an annual rate, Seasonally-adjusted data

  6. Broad upturn in Swedish economy Quartrely percentage change calculated as an annual rate, seasonally adjusted data Source: Statistics Sweden

  7. The upturn is continuing Source: National Institute of Economic Research Net figures

  8. Employment is increasing Note. Expectations have been moved to the period to which they refer. Source: National Institute for Economic Research Net figures

  9. Lower unemployment ahead Sources: Statistics Sweden and the Riksbank Percentage of the labour force, seasonally-adjusted data

  10. Inflation in line with target Sources: Statistics Sweden and the Riksbank Annual percentage change

  11. Interest rate increased from low level Source: The Riksbank Per cent, quarterly averages

  12. A forecast, not a promise Higher domestic demand Public finances crisis in the euro area Source: The Riksbank Per oent, quarterly averages

  13. Swedish economy developing strongly

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