OECD: Swedish economy growth to slow down

CNC
Added On April 19, 2019

Authorities say Sweden's economy is forecasted to slow down in 2019 and 2020, after several years of fast growth. 
 
According to the Organization for Economic Co-operation and Development, or OECD, Swedish GDP growth in 2019 and 2020 is predicted to be 1.6% and 1.7%. 
 
In the past five years, the country's GDP growth has been around 3%. 
 
The OECD report said the main reason was the work labor shortage during the fast-paced economic growth period. 
 
Meanwhile, the price drop in real estate resulted in fewer investments in the housing market.
 
The OECD warned that Swedish economic growth is vulnerable to the global crises, such as trade war, Brexit chaos and pressure from the European financial market.