Sweden’s Admission to NATO, and its Macroeconomic Consequences

by Alessandro Magno and Nato Balavadze

• Sweden’s decision to enter NATO as a result of Russia’s invasion of Ukraine;
• Recent macroeconomic developments in Sweden;
• The economic effects of greater defence expenditure;
• The impact of US tariffs on Sweden;
• Political and social consequences of the crisis and of immigration to Sweden; and
• The role of NATO in the Arctic.

Download PDF: Sweden in Nato May 2025