Banner

- - -

JOBS

EXECUTIVE JOBS

INVEST IN STOCKHOLM NEWSLETTER

SWEDISH WIRE NEWSLETTER

EMBASSIES/
CONSULATES
IN SWEDEN

RSS FEEDS

STOCKS

FLIGHTS, HOTELS AND HOLIDAYS

- - -
Investment opportunities

Tips from an insider: Five innovative tech startups

Tips from an insider: Stockholm tech start-ups

5 hot life science firms in Stockholm

Stockholm's top five infrastructure projects

Four Stockholm-based ICT firms to watch

Stockholm pioneers life science research

ICT startups offer investment opportunity

Swedish companies ready for exit

Five med-tech investment opportunities

Six cleantech investment opportunities

- - -
Rankings and surveys

Sweden tops English-language skills ranking

Sweden ranked world's best country to grow old

Swedish passport world's best for travellers

Sweden second best country for mothers

Stockholm climbs in competitiveness rankings

Sweden among best countries to be born

Fortune: 'Stockholm top place for startups'

Sweden tops first global Web Index

Sweden world's second most innovative country

Stockholm world's 6th 'best city'

'Cool Stockholm' most competitive Nordic capital

Sweden has (second) best reputation in the world

Sweden among top in Internet download speed

Sweden scores highest in 'Rule of law index'

Stockholm world's No1 in intellectual capital

Sweden the world's most ICT-competitive country

Sweden great place for moms – but Norway better

Swedes place 4th in English skills ranking

Sweden among top ICT countries

Sweden’s 10 greenest brands

‘Sweden needs to sell itself more’

Sweden overtakes the US in competitiveness

Sweden 10th ‘most admired country globally’

Sweden climbs in 'doing business' ranking

Sweden among world's least corrupt nations

Sweden's mortality rates world's second lowest

Sweden a good place to die – but Britain is best

Children in Sweden have best lives

Sweden the most competitive EU nation

Safe to do business with Swedes

How Sweden became an innovation frontrunner

Nordic countries world's most food-secure

Sweden the world’s best country – politically

Swedish firms among world's top brands

Swedish brands climb in global ranking

Sweden tops government ranking - while US lags 

'Swedish model' outranks 'American dream'  

Sweden among world's least corrupt nations

FIND EXCLUSIVE JOBS FROM €60,000

Banner

Sweden eyes 'significant' 2012 outlook revision

Debt-hit countries can blame themselves

Swedish Finance Minister Anders Borg said Thursday the Scandinavian country would need to revise down its strong economic growth expectations for 2012 due to the global financial market turbulence.

"It is obvious that we will carry out a significant downward revision of the forecast we provided in the spring" for next year due to the "current turbulence", Borg told a news conference.

On April 13, Borg had said that Sweden's gross domestic product was expected to grow 4.6 percent this year and by 3.8 percent in 2012.

Thursday, the finance minister said Sweden's centre-right government did "not yet have all the elements at hand" to estimate the exact impact the current crisis would have on the country's GDP trajectory.

The turmoil on global stock markets amid growing concerns of a new looming financial crisis would also have "consequences for public finances" in Sweden, one of Europe's strongest economies, Borg said.

He added that his previous forecast of a nearly 2.0-percent budget surplus in 2012 would likely be revised down as well.

He stressed however that Sweden remained "well-prepared" to face the global turbulence, pointing out that the country "has long experience in handling this kind of problem."

"It is becoming ever more probable that we will be close to balancing (the budget) or even a surplus this year and that we have good possibilities of securing strong public finances," Borg said.

"We will have the strongest public finances in the EU system, or one of the strongest, next year as well, just not quite as strong as we previously thought," he added.

The government is set to present its 2012 budget next month.

 

Last Updated (Thursday, 11 August 2011 21:53)

 

Latest Jobs for English speakers in Sweden

Banner

Jobs for English speakers in Sweden

Banner
Banner
Most Read Searched  
Banner
Banner
Banner