Sweden’s National Institute of Economic Research (NIER) said on Wednesday it raised its 2026 GDP forecast to 3.0% from an August estimate of 2.4%, while cutting its 2027 growth forecast to 2.4% from 2.8%, citing rising inflationary pressure. NIER said 2026 growth is driven by household consumption, investment and exports. It raised its 2027 headline inflation forecast to 2.6% from 2.1% and warned that inflation running above the Riksbank’s 2% target will weigh on the economy in 2027.