Sweden raises outlook but sees exports risk

Author (Person)
Series Title
Series Details 13.10.10
Publication Date 13/10/2010
Content Type

Article reports that Sweden’s government raised its growth forecast for the third time in four months on the 12 October 2010, as the Nordic economy expands at its fastest pace in more than a decade.

On the day he introduced the 2011 budget, Anders Borg, Finance Minister, said growth would hit 4.8% in 2010, up from a previous target of 4.5%, highlighting Sweden’s status as one of the best-performing economies in Europe.

However, he lowered the growth forecast for 2011 to 3.7% down from 4%, amid uncertainty over the global outlook.

Related Links
ESO: Background information: Sunshine over Swedish economy http://www.europeansources.info/record/sunshine-over-swedish-economy/
Sweden: Ministry of Finance: Press Release, 12.10.10: The budget for 2011: from crisis to full employment http://www.sweden.gov.se/sb/d/13079/a/153565

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