// IP Marketing video - START// IP Marketing video - END

Sweden's government cuts economic outlook for 2012

Sweden's government cuts economic outlook for 2012

PanARMENIAN.Net - Sweden's government has cut its economic outlook for 2012, saying problems in the eurozone are also affecting the Nordic country.

According to The center-right government on Monday, April 16 lowered its expectation for 2012 gross domestic product growth to 0.4 percent from 1.3 percent previously. It expects GDP growth to recover to 3.3 percent in 2013.

Finance Minister Anders Borg said the government is focusing on countering the effects of the debt crisis and reducing unemployment, which is forecast at 7.8 percent in 2012 and 7.7 percent in 2013.

Long-term, the government wants to cut income taxes further, but Borg wouldn't specify when. He cautioned that the economic situation could deteriorate further and said opportunities for economic reforms are currently limited.

 Top stories
“The two sides are currently preparing the required infrastructure for boosting natural gas exchange,” NIGEC chief Alireza Kameli said.
Sargsyan said fingerprints of some 1.5 million potential voters will have to be collected which requires a lot of work.
The country’s foreign trade turnover increased by 6.8% in January – May, compared with figures registered in the same period in 2015.
Foreign trade turnover amounted to $1.46 billion in the first four months of 2016, growing by 4,2% against the same period in 2016.
Partner news