He further believes that Sweden is ending up in a deeper and more serious recession than previously thought. The chief economist believes that it is therefore wrong if the Riksbank raises the interest rate two more times this year.
The Swedish Confederation of Business is also critical of the government, which he believes is too cautious. The economist would have liked to see more investment in, for example, infrastructure, which is believed to create economic growth.
This creates a double fault, including for tightening monetary and fiscal policy.
Daunfeldt also points out that the economy is already weak. For example, consumption has fallen for four quarters in a row, which has not happened since 1993.