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Tips from an insider: Stockholm tech start-ups

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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

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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

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Sweden’s economy booms – GDP up 6.9 percent

Swedish krona rallies after stronger than expected economic growth.

After record GDP growth; Sweden's government warns against over-confidence
OECD: Sweden's economic growth to 'continue'
Sweden hikes repo rate as economy speeds up

Sweden's economy increased 6.9 percent in the third quarter after recording a revised 4.5 percent growth in the second quarter, the statistics office said Monday.

The record expansion -- the fastest since 1971 -- were much stronger than expected, making the krona swell to a one-month high versus the euro. 

GDP rose 2.1 percent quarter-on-quarter versus expectations for 1.20 percent, with the year-on-year increase rising to 6.9 percent against forecasts of 5.25 percent, according to a Reuters poll.

Exports, which makes up more than half of the Scandinavian country's GDP, increased  11.9 percent and imports 14 percent. Industrial production increased by 9.3 percent.

"These were strong figures across the board. The Swedish economy is growing on a broad front and is really steaming ahead," Knut Hallberg, economist at Swedbank, told Reuters, adding that the data strengthened the case for further monetary tightening.

Sweden's central bank raised its benchmark interest rate by 0.25 points to 1.0 percent last month, the third increase since July as the country's economy makes a strong recovery from recession.

Last week the OECD said that Sweden's economic growth is expected to continue.

"The economy has recovered strongly from the recent recession. Solid, though more moderate, growth is expected to continue as external demand gains momentum. Unemployment is projected to decline, but rather slowly. Core inflation is expected to remain subdued, amid low wage pressures and still ample spare capacity”, the organization said in a analysis.

Data showed Monday that household consumption expenditures increased 3.5 percent, while general government consumption expenditures rose by 1.8 percent. The changes in inventories amounted to a positive GDP change of 2.9 percentage points.

Sweden’s export-driven economy will expand 4.8 percent this year and 3.7 percent in 2011, the Finance Ministry said last month. In contrast to most of Europe, the Swedish government has been able to stimulate growth through spending hikes and tax cuts.

Last Updated (Monday, 29 November 2010 18:15)


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