In the 1990s the loss of GDP stopped at around 6 per cent and the price trend did not become really deflationary. Allow me now to summarise what I consider to be the most important lessons from Sweden’s financial crisis: 1.
Prevent the conditions for a financial crisis The primary conclusion from our experience of Sweden’s financial crisis is that various steps should be taken to ensure that the conditions for a financial crisis do not arise. - Fundamentally it is a matter of conducting a credible economic policy focused on price stability.