OECD Positive on Swedish Economy

The Organization for Economic Co-operation and Development predicts the Swedish economy will be growing rapidly over the next few years, with a corresponding major drop in unemployment.

The organization’s world economy forecast shows Swedish growth easily outpacing the euro zone, at 2.4 percent this year and 3.5 percent in 2006.

The OECD says inflation here is likely to reach the central bank ceiling of 2 percent within the next two years, requiring a gradual increase in interest rates from the current record low 1.5 percent.

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