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

[labrea]

TT/The Local
news@thelocal.se
28 July 2017 15:54 CEST+02:00

A surge in the pace of growth in the second quarter of 2017 means Sweden's GDP expanded by a whopping 4 per cent from a year earlier, leaving Finance Minister Magdalena Andersson rejoicing over growth some analysts called "crazy strong."

Sweden's gross domestic product (GDP) grew by 1.7 percent in the second quarter of 2017, fresh figures from Statistics Sweden (Statistiska centralbyrån, SCB) show. That means the country's year-on-year growth rate landed at 4 percent, beating the economists' forecast growth of 2.8 percent.

"This shows the strength of the Swedish economy, and we can see that both the household consumption and property investments are going strong," Finance Minister Magdalena Andersson told TT newswire.

https://www.thelocal.se/20170728/swedens-economic-growth-is-crazy-strong-analysts

 

[labrea]

Hmmm - them Swedes are experiencing economic growth american free market worshipers can only dream of.

 

[Libertine]

If Swedens 2nd quarter 1.7% growth is crazy strong, what's the 2.6% growth of the Trumpconomy?

 

[roberthughey]

TT/The Local
news@thelocal.se
28 July 2017 15:54 CEST+02:00

A surge in the pace of growth in the second quarter of 2017 means Sweden's GDP expanded by a whopping 4 per cent from a year earlier, leaving Finance Minister Magdalena Andersson rejoicing over growth some analysts called "crazy strong."

Sweden's gross domestic product (GDP) grew by 1.7 percent in the second quarter of 2017, fresh figures from Statistics Sweden (Statistiska centralbyrån, SCB) show. That means the country's year-on-year growth rate landed at 4 percent, beating the economists' forecast growth of 2.8 percent.

"This shows the strength of the Swedish economy, and we can see that both the household consumption and property investments are going strong," Finance Minister Magdalena Andersson told TT newswire.

https://www.thelocal.se/20170728/swedens-economic-growth-is-crazy-strong-analysts

the US 2nd quarter GDP growth rate was 2.6%.

 

[Libertine]

the US 2nd quarter GDP growth rate was 2.6%.

So much winning in America now!

 

[roberthughey]

So much winning in America now!

I don't think the poster understood watch that 4% means.

 

[labrea]

I don't know, you tell me - and back it up with a link.

 

[labrea]

I don't think the poster understood watch that 4% means.

Economics is not my area of expertise, however Im willing to learn. 'Splain it to me lucy.

 

[Eve1]

If anything Trump is holding the economy back. President Obama had the economy on a high ward spiral. Trump is slowing the climb up.

America could have matched Sweden's and even surpassed it by now with someone else more stable at the helm. Canada is getting a lot of investment that would have gone to the US for that reason.

 

[roberthughey]

I don't know, you tell me - and back it up with a link.

believing in this........................... Sweden's economic growth is 'crazy strong': analysts

its not crazy strong compared to the US. an average growth rate over the last 4 quarters is 1% per quarter in Sweden adding up to the 4%. I would consider that very poor as compared to the US.