Photo: Ekot

Strong krona may cool the economy

The Swedish economy will grow by 4.7 percent this year but will slow to 2.6 percent in 2011, according to a new economic forecast from SEB bank.

Last year, Sweden enjoyed record growth of 5.7 percent, despite the international recession. and the bank blames the country's strong currency for the expected slow down in 2011.

However unemployment is expected to drop from 8.4 percent in 2010 to 6.6 percent in 2012.

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