The Swedish central bank announced that it cut its key rate by a quarter point to 1%, in line with market expectations. At the basis of the decision “weak developments in the euro area which are having a clear effect on the Swedish economy. International trade – added the Riksbank – has been weak for some time”.
However, Sweden's economy continues to grow much faster than the eurozone average. According to the estimates of the Economist, this year Stockholm will record an increase in GDP equal to 1,1% which will accelerate in 2013 to 1,5% against the -0,4% and -0,2% estimated respectively for the single currency area.
