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Summary of Swedish Sweden economic situation today and the future accounting to budget proposal on Wednesday

Thursday, 14 April 2011
Economic growth in Sweden is still strong. Unemployment has been declining and the government predicts a surplus in the state budget this year.
 The surplus is expected to be 0.3 percent of GDP this year and 1.8 percent in 2012, under the supplementary budget, which was published on Wednesday.

Before the end of the current parliamentary term it is expected that the surplus of Skr180 billion, or approximately €20 billions would be realised

Swedish Finance Minister Anders Borg compares the situation with the record years of 1950 - and 1960's.
The Swedish economy has recovered rapidly after the crisis. The state can increase its spending while paying off their loans.
As possible threats, Borg mentions overheating of the economy, instability in North Africa and rising commodity prices. Borg also reminded that a large banking sector to reduce their risks and not to count on the taxpayers for any bailout. As such he call on reforms of the sector such as increasing bank capital requirement.
By Scancomark.se Team

Key Swedish Facts
Official Name Kingdom of Sweden
King Carl XVI Gustaf
Prime minister Frederick Reinfeldt
Population 9.3 Million
Capital City Stockholm
Monetary Unit Sweden Krona (SEK)
  1kr = 100 ore
Domain Name .se
Int. Dialling Code +46
Official Language Swedish - Main
Other minor languages
Religion Christianity
Main stock market Name NASDQ OMX
  • OMX 40
  • OMX 30
Internet Speed 5.7 Mbps (2009)
Vital Links
Statistics Sweden
Official gateway to Sweden
Government of Sweden
OECD  &  Sweden
Swedish Central Bank


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