SCCL attended the Uppsala Breakfast webinar "Half time. Or maybe - new time?" hosted by Håkan Tribell, a business policy expert at the Stockholm Chamber of Commerce. Main takeaways from the webinar highlight that employment market and the national economy have begun to recover, but still finds itself in a crisis phase. Unemployment is not expected to decrease at the desired rate, which means that it can rise as an important issue in the upcoming 2022 elections in Sweden. The business community is facing its most important task in a long time and has to step forward and find solutions that will build Sweden strongly in the longer term.
According to the Business Sweden report, despite the pandemic's impact on the Swedish economy (2Q of 2020 the GDP fell by almost 8%), there are positive growth figures in the coming quarters 2020. Overall, Sweden, just like the other Nordic countries, has managed relatively well economically through the COVID-19 crisis, and GDP is only expected to shrink by just under 4% by 2020.
Swedbank's Purchasing Managers' Index (PMI), which is usually considered one of the most important indicators of growth prospects, has strengthened clearly during the summer months and is now up to pre-crisis level - well above 50.