Utopia Talk - Politics - Swedens BNP Growing Again

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Utopia Talk / Politics / Swedens BNP Growing Again

Trolly McFearsome
Member Wed Jul 29 09:34:08
Swedish economy growing again: report
Published: 29 Jul 09 15:15 CET
Dictionary tool Double click on a word to get a translation

Growth has returned to the Swedish economy on a quarterly basis, according to a new report from the Scandinavian bank Nordea.
Riksbank halves interest rates (2 Jul 09)
Swedish banks able to survive increased losses: Riksbank (2 Jun 09)
'Biggest GDP drop in Swedish history' (29 May 09)
The report's optimistic forecast sticks out among market commentators, who generally expect further GDP falls this year.

According to Nordea economists Sweden's GDP climbed by 0.3 percent during the second quarter in comparison with the first.

The bank's forecasters therefore warn of the need to raise the benchmark interest rate (repo rate) "significantly earlier" than the turn of the year 2011, which is the latest indication from Riksbanken.

Key factors behind the turn in the country's economic fortunes are concluded to be stronger private consumption and a more stable trade balance, Nordea argues.

"Tax cuts, low interest rates and climbing stock markets stimulate consumption," Nordea writes.

But even if the economic nadir has passed for this recession, 2009 is set to go down as one of the weakest years for growth in living memory.

On an annualized basis Nordea calculates that the recession has negatively impacted Swedish GDP by 5.7 percent.

Nordea's forecast is more positive than its finance sector colleagues, according to a survey by news agency Reuters.

The average forecast for the second quarter indicates a GDP decline of 0.4 percent on a quarterly basis and down 6.6 percent year-on-year.

This would mean that the record 6.5 percent annualized fall in the first quarter would be exceeded.

According to Olle Holmgren at Swedish bank SEB, talking to Reuters, GDP is still been hit by weak exports and lower levels of investment.

Riksbanken, which in July cut base rates to a record low 0.25 percent to stimulate growth, expects GDP for 2009 to be 5.4 percent lower that 2008 and will be followed by weak growth in 2010.

http://www.thelocal.se/20982/20090729/

rOland
Member Wed Jul 29 09:44:57
BNP ?

Nekran
Member Wed Jul 29 10:03:16
BNP is the dutch acronym for GDP...

Paramount
Member Wed Jul 29 10:06:07
It's also the Swedish acronym.

(Bruttonationalprodukt)

Hot Rod
Member Wed Jul 29 10:20:43

It is also The British National Party.

CrownRoyal
Member Wed Jul 29 10:21:31
N stands for nickel, surely.

Paramount
Member Wed Jul 29 10:21:58
Of course Hot Rod would know this.

Paramount
Member Wed Jul 29 10:22:21
Big Nickel Party

Real Fred
Member Wed Jul 29 10:22:58
lol

Hot Rod
Member Wed Jul 29 10:23:02

Everyone on thios forum should know it unless they are brain dead.

Paramount
Member Wed Jul 29 10:24:53
Hot Rod, I thought it was because you were a member of them, that you knew.

Hot Rod
Member Wed Jul 29 10:26:40

ERR...

You are the one who wants the Jews dead.

Remember?

Paramount
Member Wed Jul 29 10:27:48
Link?

Hot Rod
Member Wed Jul 29 10:33:58

Perhaps I was mistaken.

THIS JUST IN!!!!!

Paramount despises the Palestinians and wants them all dead.

He embraces The Jews and The Zionists and wants them to live in Peace and Prosperity in their Home Country in The Middle East.

Paramount
Member Wed Jul 29 10:53:28
Just because you say that I want to kill all Jews doesn't make it so, Himmler Rod.

Meanwhile.... you wants to kill all Palestinians.

THIS JUST IN!!!!

Hot Rod wants to kill the entire Palestinian people whom he says are nothing but terrorists and therefore they deserve to die.

Hot Rod
Member Wed Jul 29 12:29:47

Wow, what a unique and original comeback.

You must have worked on that one for at least three seconds. :)

A Literate Person
Member Wed Jul 29 12:32:13
"He embraces The Jews and The Zionists and wants them to live in Peace and Prosperity in their Home Country in The Middle East."

That sure is a lot of bad capitalizing, lol...

Paramount
Member Wed Jul 29 12:44:29
"Wow, what a unique and original comeback."

Yes I know. I stole it from you :)

show deleted posts

Trolly McFearsome Member	Wed Jul 29 09:34:08 Swedish economy growing again: report Published: 29 Jul 09 15:15 CET Dictionary tool Double click on a word to get a translation Growth has returned to the Swedish economy on a quarterly basis, according to a new report from the Scandinavian bank Nordea. Riksbank halves interest rates (2 Jul 09) Swedish banks able to survive increased losses: Riksbank (2 Jun 09) 'Biggest GDP drop in Swedish history' (29 May 09) The report's optimistic forecast sticks out among market commentators, who generally expect further GDP falls this year. According to Nordea economists Sweden's GDP climbed by 0.3 percent during the second quarter in comparison with the first. The bank's forecasters therefore warn of the need to raise the benchmark interest rate (repo rate) "significantly earlier" than the turn of the year 2011, which is the latest indication from Riksbanken. Key factors behind the turn in the country's economic fortunes are concluded to be stronger private consumption and a more stable trade balance, Nordea argues. "Tax cuts, low interest rates and climbing stock markets stimulate consumption," Nordea writes. But even if the economic nadir has passed for this recession, 2009 is set to go down as one of the weakest years for growth in living memory. On an annualized basis Nordea calculates that the recession has negatively impacted Swedish GDP by 5.7 percent. Nordea's forecast is more positive than its finance sector colleagues, according to a survey by news agency Reuters. The average forecast for the second quarter indicates a GDP decline of 0.4 percent on a quarterly basis and down 6.6 percent year-on-year. This would mean that the record 6.5 percent annualized fall in the first quarter would be exceeded. According to Olle Holmgren at Swedish bank SEB, talking to Reuters, GDP is still been hit by weak exports and lower levels of investment. Riksbanken, which in July cut base rates to a record low 0.25 percent to stimulate growth, expects GDP for 2009 to be 5.4 percent lower that 2008 and will be followed by weak growth in 2010. http://www.thelocal.se/20982/20090729/
rOland Member	Wed Jul 29 09:44:57 BNP ?
Nekran Member	Wed Jul 29 10:03:16 BNP is the dutch acronym for GDP...
Paramount Member	Wed Jul 29 10:06:07 It's also the Swedish acronym. (Bruttonationalprodukt)
Hot Rod Member	Wed Jul 29 10:20:43 It is also The British National Party.
CrownRoyal Member	Wed Jul 29 10:21:31 N stands for nickel, surely.
Paramount Member	Wed Jul 29 10:21:58 Of course Hot Rod would know this.
Paramount Member	Wed Jul 29 10:22:21 Big Nickel Party
Real Fred Member	Wed Jul 29 10:22:58 lol
Hot Rod Member	Wed Jul 29 10:23:02 Everyone on thios forum should know it unless they are brain dead.
Paramount Member	Wed Jul 29 10:24:53 Hot Rod, I thought it was because you were a member of them, that you knew.
Hot Rod Member	Wed Jul 29 10:26:40 ERR... You are the one who wants the Jews dead. Remember?
Paramount Member	Wed Jul 29 10:27:48 Link?
Hot Rod Member	Wed Jul 29 10:33:58 Perhaps I was mistaken. THIS JUST IN!!!!! Paramount despises the Palestinians and wants them all dead. He embraces The Jews and The Zionists and wants them to live in Peace and Prosperity in their Home Country in The Middle East.
Paramount Member	Wed Jul 29 10:53:28 Just because you say that I want to kill all Jews doesn't make it so, Himmler Rod. Meanwhile.... you wants to kill all Palestinians. THIS JUST IN!!!! Hot Rod wants to kill the entire Palestinian people whom he says are nothing but terrorists and therefore they deserve to die.
Hot Rod Member	Wed Jul 29 12:29:47 Wow, what a unique and original comeback. You must have worked on that one for at least three seconds. :)
A Literate Person Member	Wed Jul 29 12:32:13 "He embraces The Jews and The Zionists and wants them to live in Peace and Prosperity in their Home Country in The Middle East." That sure is a lot of bad capitalizing, lol...
Paramount Member	Wed Jul 29 12:44:29 "Wow, what a unique and original comeback." Yes I know. I stole it from you :)
	show deleted posts

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