Nordea: refugees lift GDP

Nordea predicts that Sweden’s GDP will grow by around 0.5 per cent in both 2016 and 2017 as a result of refugee arrivals. The assessment is based on the Swedish Migration Agency’s (Migrationsverket) estimate that around 300,000 people will seek asylum in Sweden 2015-2017.
The growth in immigration expected in 2016 will cause the workforce to grow, which “raises Swedish growth potential and reduces the negative economic effects of an ageing population,” writes Torbjörn Isaksson, head analyst.