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Thread: Sweden's economic growth is 'crazy strong': analysts

  1. #31
    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by labrea View Post
    At your link, scroll down to "Gdp Annual Growth Rate by Country "

    What does it list as the annual growth rate for the US?

    Next, click on "Europe" under the "Gdp Annual Growth Rate by Country " heading

    What does it list as the annual growth rate for Sweden?
    But that is impossible, only trickle down makes economies grow, you have to feed the makers and starve the takers, everyone knows that!
    Thanks from labrea and Panzareta

  2. #32
    Veteran Member Eve1's Avatar
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    Quote Originally Posted by mtm1963 View Post
    when you get it wrong, you double down.

    the fact is the US economy expanded at an annualized rate of 2.6% in the 2nd quarter, sweden at the rate of 1.7%.



    GDP rises 2% in Sweden in first quarter

    Gross Domestic Product of Sweden grew 0.4% in the first quarter of 2017 compared to the previous quarter. This rate is 3-tenths of one percent"} less than the figure of 0.7% published in the forth quarter of 2016.

    The year-on-year change in GDP was 2.2%, 2-tenths of one percent more than the 2% recorded in the forth quarter of 2016.


    Sweden GDP - Gross Domestic Product 2017 | countryeconomy.com

    GDP in United States grows 0.4%

    Gross Domestic Product of United States grew 0.4% in the first quarter of 2017 compared to the previous quarter. This rate is 1-tenth of one percent"} less than the figure of 0.5% published in the forth quarter of 2016.

    The year-on-year change in GDP was 2.1%, 1-tenth of one percent more than the 2% recorded in the forth quarter of 2016.


    At least get your information correct if you are going to compare the two year over year increases and guess what Sweden still wins out over the US and Trump is responsible for the USA not out performing Sweden.

    http://countryeconomy.com/gdp/usa
    Last edited by Eve1; 29th July 2017 at 08:53 AM.
    Thanks from labrea

  3. #33
    Bizarroland Observer Thx1138's Avatar
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    Quote Originally Posted by labrea View Post
    From your link:



    and



    It looks to me like US GDP growth is 2.6% to Sweden's 4% - but I could be wrong.
    I don't think the poster understood "watch" that 4% means.

    Thx
    Thanks from labrea

  4. #34
    Southern Strategy Liberal OldGaffer's Avatar
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    Fucking math, it always has a liberal bias.....
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  5. #35
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    Quote Originally Posted by labrea View Post
    Hmmm - them Swedes are experiencing economic growth american free market worshipers can only dream of.
    Except you miss, even with this purported enviable growth, Sweden would rank in the bottom 1/3 of US states and with a 6.7% unenployment rate in May 2017, Sweden is still stuck in what we would call a recession.

  6. #36
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    Quote Originally Posted by publius3 View Post
    Except you miss, even with this purported enviable growth, Sweden would rank in the bottom 1/3 of US states and with a 6.7% unenployment rate in May 2017, Sweden is still stuck in what we would call a recession.
    Is it possible to be in a recession and have a positive growth rate?

  7. #37
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    Quote Originally Posted by labrea View Post
    Is it possible to be in a recession and have a positive growth rate?
    The old quip goes something along the lines of: a recession is when your neighbor loses his job, a depression is when you lose yours. Indeed, recessions have a particular economic definition which cannot be satiafied by any positive growth, but of course that still belies the situation that the EU as a whole is experiencing unemployment that Americans associate with a state of recession, the signifigance of which transcends my obvious use of the word in an off the cuff manner for greater rhetorical impact

  8. #38
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    Quote Originally Posted by publius3 View Post
    The old quip goes something along the lines of: a recession is when your neighbor loses his job, a depression is when you lose yours. Indeed, recessions have a particular economic definition which cannot be satisfied by any positive growth, but of course that still belies the situation that the EU as a whole is experiencing unemployment that Americans associate with a state of recession, the signifigance of which transcends my obvious use of the word in an off the cuff manner for greater rhetorical impact
    Sweden must measure unemployment differently that the US because their labor force participation rate is significantly higher than that of the US.

    Labor Force Participation Rate in Sweden increased to 72.60 percent in May from 72.40 percent in April of 2017.

    https://tradingeconomics.com/sweden/...icipation-rate
    Labor Force Participation Rate in the United States increased to 62.80 percent in June from 62.70 percent in May of 2017.

    https://tradingeconomics.com/united-...icipation-rate
    Thanks from Eve1 and RNG

  9. #39
    Veteran Member Eve1's Avatar
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    Quote Originally Posted by labrea View Post
    Sweden must measure unemployment differently that the US because their labor force participation rate is significantly higher than that of the US.
    Fucking math again! LOL

  10. #40
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    Quote Originally Posted by mtm1963 View Post
    the US grew at 8.4% year over year.
    "The US economy advanced an annualized 2.6 percent on quarter in the second quarter of 2017, following a downwardly revised 1.2 percent expansion in the previous period, matching market expectations, an advance estimate showed. The improvement was boosted by strong consumer spending and a rebound in government consumption while exports slowed and housing investment shrank."

    What does the word "ANNUALIZED" mean to you?
    Last edited by KnotaFrayed; 29th July 2017 at 10:15 AM.

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