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.