The response of the government was to cut spending and institute a multitude of reforms to improve Sweden's competitiveness, among them reducing the welfare state and privatising public services and goods.
A resposta do goberno foi reducir os gastos e instituír unha serie de reformas para impulsar a competitividade de Suecia, entre as que se atopaban reducir o estado de benestar sueco e privatizar bens e servizos públicos.