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Export industry

Weaker Crown Good for Export Industry

Published måndag 12 januari 2009 kl 12.14
Not as strong as before - Swedish crowns

The country’s export industry is profiting from the recent downswing of the Swedish crown. Over the last months the currency has suffered partly heavy losses to the euro, the pound, and the dollar.

This in turn is resulting in lower purchase prices for Swedish export products. As a consequence, analysts have noted a more than six percent increase in exporting Swedish goods in spite of a globally dwindling demand.  

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