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credit crunch

Growth Predictions Worsen

Published tisdag 16 december 2008 kl 15.13
Finance Minister Borg seen here at a presentation in November

Sweden’s Finance Minister Anders Borg presented new, more worrying, figures for the Swedish economy on Tuesday.

He said that the country’s rate of growth is the lowest in 30 years.

And that next year the economy would grow no more than +0.1 percent but might shrink by -1.2 percent.

The government predicts that by 2010 Sweden’s economy will be growing again.

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