Oct 7, 2009
| Last Updated
- Export orientation intensified Sweden’s vulnerability to global slump;
- Exposure to ailing Baltic states weighs on two of Sweden’s top banks;
- Scale of fiscal loosening is among EU’s largest; repo rate is at historical low.
Sweden’s export-reliant economy, the largest of the Nordics, is in the midst of its deepest downturn since World War II. Exports account for more than 50% of GDP, a higher percentage than most EU countries including export heavyweight Germany, so the global downturn has had a particularly harsh impact on Sweden. In 2008, the economy[...]
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