Booming exports boost for Sweden’s economy

Booming exports boost for Sweden's economy

The Swedish economy is growing. Photo: Pontus Lundahl/TT

Figures showing a surprise financial growth spurt in the second quarter of the year have been hailed as proof that Sweden’s economy is on the road to recovery.

Sweden’s GDP showed a strong annual rise by 3.0 percent in the second quarter of 2015, compared to the same period the year before, according to Statistics Sweden. Experts had predicted 2.5 percent growth.

GDP is one of the most important indicators used to assess the health of a nation’s economy and represents the total value of goods and services produced over a set length of time.

And Finance Minister Magdalena Andersson welcomed the news on Thursday.

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