Big Banks Release New Forecasts, 2014 Growth Pegged at Under 1%
OREANDA-NEWS. August 28, 2014. SEB fine-tuned its economic forecast for this year and next, while Swedbank lowered theirs.
SEB said growth would be 0.5 percent in 2014, just as it did three months ago, but put next year's growth at just 1.8 percent instead of 2.3 percent.
Swedbank said the economy would grow by 0.8 percent this year, down from 1.8 percent. It lowered its forecast for 2015 by 0.7 point to 2.3 percent.
SEB said 2014 inflation would be 0.1 percent and Swedbank, 0.3 percent. Next year would be 1.6 percent and 2.5 percent, the respective banks said.
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