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FINANCIAL CRISIS

Swedish economy continues to grow: report

The Swedish economy grew a faster-than-expected 1.4 percent in the second quarter, compared with the first three months of the year, official data showed Monday.

Swedish economy continues to grow: report

“The figures are much stronger than expected. That shows the impressive resilience of the Swedish economy,” Nordea analyst Torbjörn Isaksson told the TT news agency.

The figures also showed that household spending in Sweden grew by 0.8 percent over the second quarter of 2012. Housing costs rose while transport expenses fell, according to Statistics Sweden (Statistiska centralbyrån – SCB).

Compared with a year earlier, the Swedish economy has grown by 2.3 percent, according to the figures.

Analysts polled by Dow Jones Newswires had put second quarter growth at just 0.2 percent on a month-on-month basis and 0.7 percent on a year-on-year comparison, respectively.

Exports took the lead, gaining 1.7 percent, according to Statistics Sweden.

The government in April slashed its 2012 growth forecast from 1.3 percent to 0.4 percent because of the deteriorating eurozone debt crisis.

In 2011, Sweden’s economy grew by 3.9 percent though it contracted by 1.1

percent in the fourth quarter on a quarterly basis.

Despite the more optimistic figures, Swedes are gloomy about the economy according to a survey carried out by research company Skop, which shows that one in three Swedish households think that worse is yet to come.

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NAMES

Sweden’s most popular baby names revealed

While Alice remained the most common name for baby girls in Sweden for the third year running, William was dethroned as the most popular boys' name for the first time in years, new statistics show.

Sweden's most popular baby names revealed
 
Last year, 903 baby girls born in Sweden were named Alice, compared to 938 Alices in 2012, according to Statistics Sweden's (SCB) annual compilation released on Tuesday.
 
But the name William, which enjoyed top spot for the past two years, was replaced by Lucas, which shot up from third place in 2012. Lucas was given to 935 babies in 2013, compared to 915 little Williams. 
 
Just over a dozen points behind was Oscar, in third place, and one point behind that was Oliver (see the full top ten below).
 
As for the girls, Alice was followed by Maja, Elsa, and Ella. 
 
In the top 100 list for the girls, several names cropped up for the very first time, including Hilma, Ellinor, Sally, Melina, and Nicole. For the boys, new names included Louie and Tor.
 
In a breakdown of counties around Sweden, Alice was the most popular name in 11 of the total 21 counties. Stockholmers preferred the letter O, with the most popular baby names in the capital Olivia and Oscar.
 
Top ten girls' names in 2013, with total number.
 
1. Alice – 903
2. Maja – 767
3. Elsa – 766
4. Ella – 700
5. Julia – 687
6. Ebba – 663
7. Alicia – 625
8. Olivia – 616
9. Alva – 607
10. Wilma – 600
 
Top ten boys' names in 2013, with total number.
 
1. Lucas – 935
2. William – 915
3. Oscar – 901
4. Oliver – 800
5. Hugo – 749
6. Charlie – 716
7. Liam – 708
8. Alexander – 694
9. Axel – 677
10. Elias – 676
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