Riksbanken - The economic situation

Sveriges Riksbank/Riksbanken - The economic situation:
DATE 21/08/2008
The picture presented in July largely remains unchanged; with lower growth and high inflation. But GDP growth has so far this year been weaker than anticipated. Inflation is at its highest level since the mid-1990s. However, oil and other commodity prices have fallen. At the same time, productivity has been lower and resulted in increased wage costs. These comments were made by Deputy Governor Svante Öberg in his speech on the economic situation at the KOMMEK fair in Malmö today.