International Monetary Fund says Sweden’s economy will grow much quicker this year and in 2012 than it had predicted earlier. IMF says that Swedish recovery has far outperformed other advanced countries. Public debt is at around 40% of GDP and is expected to fall further. IMF now feels real GDP growth will be 4.4% this year and 3.8% in 2012 (Youth unemployment and fixed investment are tagged as laggers.
Moody's published its annual report on Denmark called "Denmark: Credit Analysis" yesterday. The rating agency writes that the rating outlook at Aaa is stable due to among others high average wealth and proactive official policymaking. Moody’s does however note, that the prolonged cyclical downturn that already began before the financial crisis and has resurfaced twice since, has deteriorated Danish government’s structural financial position and strength. Moody’s highlights some of the new initiatives made in Denmark for reform and also says that the Danish financial system can handle more small bank failures.
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