At first Sweden’s export-heavy economy seemed to be doing okay, with GDP actually growing by 0.1 percent in the first quarter.

However, Sweden is not currently in a recession. A country is deemed to be in a recession when its economy declines for two consecutive quarters, and Sweden had a GDP growth of 0.1 in Q120.

For years, Sweden has been warned that its dysfunctional housing market, plagued by under-supply and kept aloft by low rates and generous tax benefits, was a risk to the wider economy.

Unlike the U.S. and most other industrialized countries, Sweden decided not to shut down the country--and its economy--to prevent the spread of the coronavirus. The country's Minister for Foreign ...

Sweden's economy expanded by 1.3 percent during the final three months of 2002, the country's Statistics Sweden said Thursday. Economists had expected growth of 1.5 percent in the nation's gross ...

Still, Sweden’s labor market has had a tough time absorbing such a large inflow of people, even with more than 100,000 job vacancies. Unemployment among the foreign-born is 20 percent, compared ...

In Sweden, while local tax rates vary, a high-earning resident in 2018 could have paid more than 60 percent in taxes. However, the Scandinavian nation is looking to overhaul its tax code ...

Vienna, once the proudest of cities has now become so unimportant that the Swedish Riksdag decided, in the interests of economy, to withdraw the Swedish Legation. It is more thar 200 years since ...

This article is for subscribers only. Sweden’s economy grew in the first quarter as many other countries sank into a deep recession, adding to a debate on how best to tackle the spread of Covid-19.