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This country note from Going for Growth 2015 for Sweden identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
Green is not only compatible with growth; green is a source of growth. Sweden was one of the first countries to understand this and showed tremendous leadership when it introduced the world’s first carbon tax in 1991, amidst the economic crisis. Yet there is so much more that can be done to foster a fast transition to a low-carbon world whilst creating the competitive economies of the future.
The Swedish economy is resilient but faces some challenges. Addressing the short-term risks in the labour and financial markets, while achieving more stable, inclusive and green growth in the longer term requires continuing with structural reforms.
In his remarks for the launch of the Economic Survey of Sweden, Angel Gurría said that 'Sweden is recovering quickly and robustly from the crisis (...) in large part thanks to the sound macroeconomic and structural policies Sweden has pursued over the past couple of decades.'