And it seems that the growth 
momentum would continue as OECD forecasts a GDP growth of 3.9% in 2006, much higher than the expected growth rate of 1.8% of the European region. It has posted the third largest growth rate in Europe without a single failure since 2001. A robust growth in household consumption, strong trade balances and high gross fixed capital formation are the main drivers behind this upswing in the GDP growth. The value for Swedish exports touched $180.72 billion in 2005, an impressive rise of 6.6% over the previous year (Central Bank of Sweden). Electrical & telecom equipment, machinery, passenger cars, pharmaceutical products and iron & steel are the main export items.
For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link
momentum would continue as OECD forecasts a GDP growth of 3.9% in 2006, much higher than the expected growth rate of 1.8% of the European region. It has posted the third largest growth rate in Europe without a single failure since 2001. A robust growth in household consumption, strong trade balances and high gross fixed capital formation are the main drivers behind this upswing in the GDP growth. The value for Swedish exports touched $180.72 billion in 2005, an impressive rise of 6.6% over the previous year (Central Bank of Sweden). Electrical & telecom equipment, machinery, passenger cars, pharmaceutical products and iron & steel are the main export items.For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link
Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006
No comments:
Post a Comment