Unemployment in Sweden is expected to soar to nearly 8 per cent this year, following a recent spate of job losses. Redundancies rocketed in December, with 14,773 people permanently laid off in the run-up to Christmas, compared to just 2,397 a year earlier.
The state-run National Institute for Economic Research (Konjunkturinstitutet) has warned that the global financial crisis is set to have ‘‘substantial effects’’ on the real economy in Sweden over the next two years, with unemployment expected...
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