Mixed signals about the Swedish economy
• Swedish export threatened by safe-haven status
Reuters said that Swedish policymakers give differing views on how much a fresh recession in the euro zone would drag down their economy after new industry figures pointed to a pick up in factory activity last month.
"If we see continuous action now where Greece has to deliver on their (debt restructuring) negotiations, and if the ECB continues to support stability in the financial sector, I think we are seeing some signs that the revision downwards for forecasts has probably come to an end," finance minister Anders Borg said.
At the same time, the deputy governor of the central bank repeated her calls for further interest rate cuts to tackle a slowdown in economic growth.Sweden's Riksbank cut its benchmark interest rate by 25 points in December for the first time since 2009 as it sought to shield Sweden's economy from the effects of the debt crisis in Europe, a key market for the export-dependent Nordic state.
Last Updated (Thursday, 02 February 2012 04:16)








