How Sweden Creates a Model Economy

Stability through reform Sweden has among the EU’s lowest levels of national debt, low and stable inflation and a healthy banking system. But this wasn’t always the case. 

The Swedish economy used to suffer from low growth and high inflation, and the Swedish krona was repeatedly devalued. Sweden was also hit by a deep financial crisis in the early 1990s.

Photo: Lena Granefelt/imagebank.sweden.se
Banks became unstable and two were nationalised, unemployment rose rapidly, government spending got out of control, and so did Sweden’s national debt.

The road back to stability and success was not easy for Sweden. But by pursuing inventive and courageous reforms and sticking to them, Sweden has transformed its economy and stayed strong in the face of the new global recession.

Please read the full report here.
Labels:

Post a Comment

MKRdezign

Contact Form

Name

Email *

Message *

Powered by Blogger.
Javascript DisablePlease Enable Javascript To See All Widget