Sweden in 2004 |
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The EconomyEconomic growth in Sweden slowed to an estimated 1.5% in 2003, down from 1.8% in 2002. The impact of the global economic downturn continued to weigh on capital spending and foreign demand. The Swedish economy was expected to remain fairly sluggish in 2004-05, due to the impact of a stronger krona, a tighter fiscal policy, and the weak state of the economies in the Euro Zone... IndustryOne of the most industrialized countries, Sweden was ranked relatively high in business rankings.
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