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ICT startups offer investment opportunity

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Rankings and surveys

Sweden tops English-language skills ranking

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Swedish passport world's best for travellers

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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

The Swedish Wire is a media production company that provides high-quality text, image and video content for international clients.

Service sector boosts Swedish economic growth

Sweden's GDP swells quicker than expected

The Swedish economy is back to growth – and the service sector plays a key role, Swedbank said in its report The Swedish Economy. Here are the highlights.

    •    The Swedish economy grew significantly beyond expectations during the first quarter, with business investment in particular surprising on the positive side. This indicates improved confidence. Considerable imbalances still remain, however, mainly household debt and high unemployment, which have to be handled with economic policy.

    •    The private service sector is becoming increasingly more important for the Swedish economy and has served as a shock absorber against recent economic fluctuations. Output, employment and exports have grown faster in the service sector than in manufacturing, but at the same time the overlap between the two sectors is growing. So it isn't a question of either/or, but rather both. 

    •    Economic policy has the delicate role of balancing the improvement in the Swedish economy with the remaining imbalances. The likelihood that the Riksbank will keep monetary policy unchanged has grown despite the relatively high unemployment rate. In the longer term conditions for service businesses have to be improved, mainly through a modified tax system, investments in education and research, and liberalization of the service trade within the EU.

The Swedish Economy, No 3/2012

Last Updated (Saturday, 09 June 2012 01:26)


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