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Sweden has had an economic model in the post-World War II era characterized by close cooperation between the government, labour unions, and corporations. The Swedish economy has extensive and universal social benefits funded by high taxes, close to 50% of GDP. [ 37 ]
The 2021 government crisis was the second government crisis suffered by a Löfven cabinet. The vote was called on 17 June 2021 by the Sweden Democrats after the Swedish Left Party withdrew support for Löfven over rent control reform, which is an important issue for many voters.
Sweden is also very active in international peace efforts, especially through the United Nations, and in support to the Third World. [citation needed] In 1995 Sweden, together with Finland and Austria, joined the European Union which extended the number of member countries from 12 to 15. Membership and its issues are among the most important ...
Data released Wednesday by Statistics Sweden showed that the country's gross domestic product declined by 0.3% in the period ending in October. “The GDP decreased for the second quarter in a row.
The Income inequality in Sweden ranks low in the Gini coefficient, being 25.2 as of 2015 [4] which is one of the lowest in the world, and ranking similarly to the other Nordic countries; although inequality has recently been on the rise and several central European countries now have a lower Gini coefficient than Sweden. [5] [6]
The budget vote on 3 December, where the proposal from the government fell 182 to 153. The 2014 Swedish government crisis (Swedish: Regeringskrisen i Sverige 2014) started on 3 December 2014 after the Riksdag rejected the proposed government budget in favour of a budget proposed by the centre-right opposition.
The Sweden financial crisis 1990–1994 took place in Sweden when the deflation of a housing bubble caused a severe credit crunch and bank crisis and a deep recession. Similar crises took place in countries around the same time, such as in Finland and the Savings and Loans crisis in the United States .
Unlike most countries, which strongly recommended or introduced widespread sector closures, quarantining, and lockdown measures to curb the spread of the coronavirus disease 2019, the government of Sweden took a more lenient approach to the pandemic, prioritizing the economy and only pursuing social distancing measures such as bans on large ...