pace of economic recovery of Sweden will be more rapid than in other eurozone countries, since the Riksbank (Swedish Central Bank) cut interest rates more than the European Central Bank (ECB). This forecast was voiced UBS economist Sunil Kapadia.

Riksbank on Thursday, July 2, reduced borrowing costs to 0.25 percentage points - to 0.25%.

ECB on the same day decided to leave the base interest rate unchanged at 1%.

I expect that the growth of Sweden will be higher than the average in Europe - said Kapadia. - It was a very right step. Restore, which will follow will depend in part on the measures taken Riksbankom, and that is why Sweden passed eurozone, as the effect of fiscal and monetary stimulus in Sweden will be tangible.

in 2008 in Sweden started in the first recession since 1992, as well as reducing the volume of world trade has led to a weakening demand for exports from the country.

Swedish GDP is expected to decline by 5.4% in 2009 - more than in neighboring Norway and Denmark, in 2010, the economy returns to growth and will expand to 1.4%. The first signs of recovery are already visible in the consumer sector and industry.

Recall previously reported that the reconstruction of Europe after the financial crisis, headed by France, whose economic recovery at 4 months ahead of average. France managed to get out ahead because of its centralized system has enabled the Government to mobilize resources quickly.

The pressure on the euro remains
Overview of the oil market for 02.07.09
On Thursday, the value of all metals traded on the LME, adjusted after a sharp rise the previous day
Ministry of Fuel and Energy has refused to count the practice of price corridor for light petroleum products at gas stations
Analysis - Results of the day
If on Monday the U.S. stock exchanges opened in the negative, the Russian market will be the next Bear Holiday
The Russian market shares allocated IDC, which grow on the news on the transfer of power distribution companies to a single share by 2011
Next week is expected to remain negative sentiment on the stock sites
Rising oil prices in the run next two weeks can be up to $ 75, and by the end of the year - up to $ 100 a barrel