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The result is that last year Sweden's economy grew at a slower rate than those of its neighbours.
ECONOMIST: Sweden
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The Economist has an interesting recent article that claims that the most successful Western economy during the past decade is Sweden, which did exactly the opposite of everyone else: stimulate private ownership and reduce government spending, taxes and debt.
FORBES: Are we really in a recovery?
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Now to give more of a clue to how and when our economy will recover, McKinsey has looked at the experience of two Scandinavian countries, Sweden and Finland, which experienced credit and housing booms (rather like us) in the 1980s that turned into an economic and financial bust in 1990 (sound familiar).
BBC: US ahead of UK on road to reducing debts