Is this the best Sweden has when it comes to economy?

Economic activity was almost unchanged in the majority of US districts since early September. This is what the Federal Reserve writes in its regional economic report, the Beige Book, which was published on Wednesday evening. Only two districts reported moderate growth, while almost all districts saw a decline in manufacturing activity.

In Stockholm, Sweden, the recession is literally visible in the streets and squares in the form of the economic measure of downtown pedestrians. In recent months, the number of pedestrians and visitors in the various stores has decreased significantly in the last 7-10 days before salary payment. I can't remember any previous recession that was as physically visible as this one.

Sweden's central bank AKA Riksbank must keep its promise in the press release on September 29, 2024 quote "If inflation and economic prospects hold, the interest rate can also be lowered at the two remaining monetary policy meetings this year. A reduction of 0.5% at one of these meetings may be relevant." unquote.

Considering that Riksbanken has missed its inflation target of 2% in the last two months by almost 50%, it should be a "non-question" to lower the policy rate by 50 points at the next monetary policy meeting. Unfortunately, Riksbanken's track record shows that they are extremely cautious, I call it harmfully cautious, and my fear is that Riksbanken's actions will further deepen and prolong the current recession.

Sweden's two most recent governors of Riksbanken are opposites, the former applied negative policy rate in a boom while the current one applies a high policy rate during a recession.