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... Transportation, communication, and trade are also very important to Sweden’s economy. ...
Macro-economically speaking, Sweden’s economy is definitely functioning better now than it has in the past years. In the early 1990s, the Swedish economy faced a cruel and severe recession, where many were faced with unemployment and record GDP deficits existed. This recession was due, in part, to the poor choices made in the late 1980s, where the combination of strong growth in demand, weak improvement in productivity, and relatively low initial unemployment led to “bottleneck” problems in the economy. ... As the economy became overheated, there were many inflation problems, and the unemployment rate increased by almost 10%. ... The export sector is continuing to boom, in large parts because of the advancements in technology and the production process, and has become one of the driving forces for the economy.
Approximate Word count = 807
Approximate Pages = 3.2
(250 words per page double spaced)
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