Thursday, September 18, 2014
Sweden’s Growth "Better Than Expected"
Via The Local: Sweden’s gross domestic product grew 2.6 percent in the second quarter of 2014 compared to the same period a year earlier, with the economy performing much better than previously thought. The second-quarter figures from Statistics Sweden (SCB) also showed GDP up 0.7 percent compared to the first quarter. Sweden’s currency, the krona, took a small hit in the immediate aftermath of Sunday’s election. Things look good but still it could be much better. Sweden needs more growth. Much more growth. The energy sector must perform better and the same is true for the agricultural sector. The communications sector, the housing sector, and the health care sector must also become much better. There is new ground to be broken in Sweden and much needs to be done indeed.