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Swedish economy continues to grow

The Local
post 29.Jul.2011, 09:47 AM
Post #1
Location: Stockholm
Joined: 22.Dec.2004

Sweden's economy expanded by one percent in the second quarter, while year-on-year growth slowed to 5.3 percent, data released Friday by the central statistics office (SCB) showed.

The figures beat the expectations of analysts polled by the Dow Jones Newswire who had expected growth of 0.6 percent in the quarter and 4.9 percent on an annual basis.

Household consumption expenditures rose by 2.3 percent,w hile gross fixed capital formation increased by 8.1 percent.

In addition, exports increased 7.8 percent and imports 5.8 percent.

Total employment, measured as the number of hours worked, increased 1.8 percent while the number of employed persons increased 2.5 percent.

Click to read the full article.
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post 29.Jul.2011, 11:45 AM
Post #2
Location: Stockholm
Joined: 21.Mar.2011

Good going..atleast the expectations of analysts are surpassed.
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post 29.Jul.2011, 12:51 PM
Post #3
Location: Malmö
Joined: 5.Sep.2005

if year on year growth slowed to 5.3%, how is that the economy growing...
or do they mean this 'growth' from the expected 4.9%
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post 30.Jul.2011, 01:04 PM
Post #4

Good GDP growth improved beyond expectation. A good reason to spend more.
Nearing Pensioner can ask my recomendation for the comming 15 years from now
You may put your mail Id on ( ) will definitly earn some benifit.
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post 30.Jul.2011, 10:49 PM
Post #5
Joined: 11.May.2010

Ahh Sweden, stop growing so much! You're making the rest of us silly debt-ridden nations look bad!
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post 31.Jul.2011, 12:18 AM
Post #6
Joined: 29.Jul.2011

Good news. I'll ask my boss a midyear raise. A 5% pay increase sounds reasonable now.
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post 2.Aug.2011, 08:14 AM
Post #7
Location: Kristianstad
Joined: 6.Nov.2010

I have no evidence to dispute anything in this article. Having said that; there are economic problems in about every country in the world right now. I find it hard to believe that everything is so rosy in Sweden. I think the numbers in this article are a bit twisted to keep everyone's confidence up.
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post 2.Aug.2011, 11:18 AM
Post #8
Joined: 18.Dec.2007

Let's see how well the economy grows when we have to bail out GM later this month!
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