Glorious weather in Sweden this summer, which made swimming in its normally icy seas a near-Mediterranean experience, has provided a blissful backdrop to campaigning ahead of a general election on September 19. Similarly invigorating has been recent economic news from the geographically vast but thinly populated north European country.
Sweden’s economy would expand by 4.5 per cent this year, the government forecast on Friday –
a pace of expansion rarely seen in Europe’s mature economies – and unemployment is falling; Sweden’s public finances make other European countries blush. Fredrik Reinfeldt, prime minister, is one of only a few politicians who can legitimately promise voters both tax cuts and spending increases.
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