Swedish Central bank Deputy Governor Sees Mixed Signals for Economy as the tiger economy continue to face changes
Thursday, 22 August 2013
What happened to the Nordic tiger economy, Sweden, has been increased
debate of recent given that it was properly and confidently reported
that Swedish economy withstood the depression better and has been
But has it, or its it now generally accepted that the tiger economy
became tired and weekend. What happened and how is the biggest
Scandinavian economy faring?
With more pressures from unemployment (which fell slightly to 7.2
percent from 9.1 percent on July,) and with more blames to the
international market, the Swedish economy had fallen somewhat in the
past quarters. Since public finances is trumpeted as great, the Prime
Minister, in his summer talk, and promised more tax cuts in the coming
months as an election promise that was made. He said that the time was
right to honour that promise.
Probability due to this, one of the six interest rate setters at
Sweden's central bank said economic indicators were sending conflicting
messages as she considered her position ahead of a monetary policy
meeting set for early next month.
Read more from that from DowJones News courtesy DVFN
Points to note here include
- High unemployment - which is still 7.2 percent
- Sky rocketing house prices which is growing faster that earnings
- Inflation which stand at 0.1 percent
And others that could be seen on SCB website
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