According to the report, Sweden has weathered the recent global financial and economic crisis well thanks to strong economic institutions and fundamentals, not least a sound fiscal position. OECD Secretary General, Mr Ángel Gurría, said that Swedish economy is "as strong as Pippi Longstocking".

The organisation forecast continued strong Swedish growth of 3.9 percent this year and 3.4 percent in 2012. The OECD's estimates for strong growth in Sweden in the coming years are bolder than many Swedish economic analysts' expectations. The main challenge going forward is to strengthen institutions and fundamentals even further so as to keep enhancing resilience and sustainable long-term growth.

In the face of the crisis, Sweden’s healthy public finances proved a major asset. Sweden is in a better shape than most other OECD countries to face fiscal pressures coming from population ageing. Aggressive interest rates cuts, unconventional policy measures and exceptional government support to the financial system all helped contain the depth and length of the recession. As the expansion unfolds, the monetary policy stance needs to continue to tighten and support to the financial system needs to be scaled back. Past reforms and measures taken during the crisis have limited the fall in employment and exits from the labour market, but there is a risk of a permanent increase in unemployment.

OECD Economic Surveys Sweden Overview
More information about the report  can be found here

Source: OECD