Economists are describing Tuesday’s spring budget as cautious and selective. Annika Winsth, Nordea’s chief economist, believes the government is gradually paving a way for an election budget while SEB’s Håkan Frisén would have liked to see reform on the housing and labour markets. However, he acknowledges that it is too late in the business cycle for stimulus.
Anna Öster, chief economist at Länsförsäkringar, agrees with Finance Minister Magdalena Andersson that the Swedish economy remains strong but is disappointed that the government made no mention of the challenges facing the economy. “Put bluntly, there was no holistic approach,” she says.