The government promises that the majority of households will have a better financial situation next year. At the same time, the Governor of the Swedish central bank, Erik Thedéen, has shared his concerns about the future. He finds what lies ahead to be quite worrisome.

In an interview with Swedish Radio P1 Morgon, Finance Minister Elisabeth Svantesson (M) looks towards next year and beyond.

– We see that the interest rate cuts will take effect, tax reductions that will affect household finances, and the economy will turn around, says Elisabeth Svantesson to public radio.

At the same time, the finance minister emphasizes that it will continue to be tough for many households with small margins. The government suspects that the economic downturn will be more prolonged than before because household consumption has not picked up.

– Many households probably feel worried or uncertain about how things will develop. But fundamentally, households have better hope for the future now than a year or two ago. The optimism is there, but it’s progressing slowly.

Furthermore, the finance minister expresses some concern about conflicts in the world that could worsen the situation.

Concern from the Governor of the Central Bank

The Governor of the Swedish central bank, Erik Thedéen, finds the future to be “quite worrisome.” His assessment is that the turbulence we have seen over the past two years may continue. He believes that things will not improve in the future and focuses on conflicts around the world.

– It’s about ongoing war in Ukraine, threats of high tariffs from the USA, an aggressive China threatening Taiwan, and a violent situation in the Middle East – among other things, says Erik Thedéen, and argues that the conflicts are intertwined.

– They are somewhat interconnected in a rather unpleasant way. It could become a quite dangerous situation.