from Sputnik News:
Earlier this year, even the outgoing Swedish government admitted that a combination of high energy, food prices and rising interest rates is expected to stifle growth in the years ahead and undermine households’ purchasing power and, consequently, private consumption.
Inflation will impoverish Sweden and the country must accept a lower standard of living – a fact politicians must convey clearly to the population, Lars Heikensten, former head of the Central Bank and now chairman of the Fiscal Policy Council which evaluates government policy, has said.
