
Swedish Finance Minister Anders Borg said Friday he expects Sweden's economy to continue gradually recovering, with economic growth anticipated at 2.5 percent this year.
Borg was speaking on the Swedish island of Gotland at the end of a traditional week of political meetings held every year at the beginning of July.
He said he expects 3.1 percent growth in 2015. Borg said growth in both years will largely be due to household consumption, and increased investment in new housing and infrastructure will also contribute to economic growth in Sweden.
But he warned that Eurozone growth is still "weak and uneven," which could slow down recovery. Sweden is not a member of the Eurozone.
Borg predicted that Swedish unemployment will fall very slightly in 2014, from 8 percent in 2013 to 7.9 percent this year and to 7.5 percent in 2015.
He said that Sweden had gotten through the most recent economic crisis "reasonably well." He characterized the latest crisis as being the worst since the 1930s.
"Weak development in the world is affecting us, but we are stronger than many other countries," Borg said.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor