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Article: SWEDEN'S SOLID CONSUMER BASE.(Swedish consumption growth is rising)
- Article from:
- Market Europe
- Article date:
- January 1, 2003
CopyrightCOPYRIGHT 2003 Media Contact Resources, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Sweden has a solid consumer base in every sense of the word. That stability was underscored during 2002, when Swedish consumption growth easily outpaced that in the European Union as a whole.
One of the most important stabilizing factors for household consumption has been steady consumer confidence. With unemployment under control and the macroeconomic panorama looking good, there is little for Swedish consumers to worry about.
Unemployment will hold at approximately 4 percent throughout 2003 in a climate of slow job creation and even slower growth of the work force. Inflation should be less than 3 percent and attractive finance costs will bolster ...