Political Economy



Swedish economy gaining grounds in growth slowly than expected

Tuesday, 19 November 2013

The recession looks like continuing in the Swedish economy even though in the shadow of a sluggish growth abroad, the prerequisites for the Swedish economy to lift seriously seem to be lagging.

This comes from the workers Union, LO economists in its economic forecast, unveiled on Tuesday.

Employment is expected to increase by a total of just over 80,000 people in 2014 and 2015 but since labour supply is relatively strong, that is not enough to bring down unemployment from becoming 8 percent position.

Sweden's GDP (calendar effects) is expected to increase by 0.8 percent in 2013, 2.3 percent in 2014 and 2.6 percent in 2015, that is how LO economists see  the Swedish economic growth for the future and also maintain that there will be a growth of 1.2 percent this year and 2.2 percent in 2014.

By Scancomark.com Team

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