The Economy Report, December 2018
The Swedish economy has peaked and growth will be weaker in the coming years. A slow-down next year is likely in the US, China and Germany, which will dent global growth and trade. Here at home the building boom seems to be over. Weaker employment growth leads to lower growth of the local government tax base.
Economists have long warned of a coming period of difficult demographic development. Clear signs exist that this period has begun, especially in terms of cost growth in the local government sector and the possibilities of recruiting key staff. This has mainly affected the county councils.
Can new technology make services more effective? Can cooperation with central government improve?