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Monetary Policy Report July 2012. Unease in Europe casts a shadow over the Swedish economy. Unease on financial markets. Source: Reuters EcoWin. Government bonds with 10 years left to maturity, per cent. Large differences in growth in Europe.
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Unease in Europe casts a shadow over the Swedish economy
Unease on financial markets Source: Reuters EcoWin Government bonds with 10 years left to maturity, per cent
Large differences in growth in Europe Sources: Federal Statistical Office, Germany, Statistics Norway, Istat, National Institute of Statistics, Italy and INE – National Statistics Institute, Spain GDP growth, annual percentage change, seasonally-adjusted data
Limited contagion effects on rest of world GDP, annual percentage change Sources: Bureau of Economic Analysis, Eurostat, IMF and the Riksbank
Continued growth in Sweden despite Europe’s problems GDP, quarterly changes in per cent calculated in annualised terms, seasonally-adjusted data Sources: Statistics Sweden and the Riksbank
Confidence among households and companies has dampened slightly Index, mean = 100, standard deviation = 10 Source: National Institute of Economic Research
Labour market better than expected Sources: Statistics Sweden and the Riksbank Unemployment, percentage of the labour force, seasonally-adjusted data
Increasedcostpressures Sources: National Mediation Office and the Riksbank Wages according to the short-term wage statistics, definitive and forecast of definitive outcome, annual percentage change
Low but rising inflation Sources: Statistics Sweden and the Riksbank Note. Annual percentage change. CPIF is CPI with a fixed mortgage rate.
Repo rate remains low Repo rate, per cent, quarterly averages Source: The Riksbank
A forecast, not a promise Confidence among households and companies returns faster than expected Problems in the euro area worsen Source: The Riksbank Repo rate, per cent, quarterly averages
Unease in Europe casts a shadow over the Swedish economy