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Finance minister Anders Borg calls for caution
fourth quarter 2012

Sweden's economy grew more than expected

New figures from Statistics Sweden show that the Swedish economy grew more than expected at the end of 2012. During a serious crisis in the world economy, Sweden's GDP rose by 1.4 percent.

One reason is the fact that Swedes are still spending money – more than expected. But exports from Sweden fell by 2.4 percent – and for industrial products, like transport machinery, the figure was 9 percent, compared with the same period last year.

Finance minister Anders Borg says that the figures are a sign of "stabilisation", but that there are still major political and economic problems in Europe that can "come back to haunt" the economy.

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