While most of Europe struggles to achieve respectable economic growth, and some countries battle with near-calamitous budgetary deficits and public debt, one country in particular is doing very well: Sweden.
Gross domestic product (GDP) rose 5.5% last year, rebounding from the negative figure of 5.3% registered in 2009, according to the country's Ministry of Finance. Further growth of 4.8% is predicted for this year, with the Swedish economy “recovering faster than most other [Organisation for Economic Co-operation and Development] countries”, say the ministry’s economists. Unemployment is forecast to fall from the current 7.4% to 4.8% by 2015.
