Sweden Seen Leaving Difficult Choices for Later as Economy Booms
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Sweden’s Finance Minister Magdalena Andersson is expected to paint a rosy picture of the economy when she presents her spring budget -- and kick the difficult decisions down the road.
The government on Wednesday may forecast that the $570 billion economy, powered by record low interest rates and spending on refugees, will grow by about 4 percent this year, according to Nordea Bank. While Sweden’s generosity in accepting migrants has led to rising costs, fast growth in revenue is partly helping the nation to cope the with record influx.