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Even Japan may have enjoyed robust GDP growth; its industrial production rose by an annualised 38%.
However, the OECD's latest country survey of Sweden still forecasts robust GDP growth of 2.8% in 2005, and 3.3% in 2006 faster than the OECD average.
Exports, private consumption and investment increased at a healthy pace, but the main factor behind the robust GDP figure was a build-up in inventories.
Nevertheless, the survey lifts hopes that the construction sector will help the economy to see further robust GDP growth in the fourth quarter especially as it follows on from a strong manufacturing survey.
The Tories' own decision to focus on the economy is not entirely misplaced, however, as a third of voters still worry about it, despite robust GDP growth of more than 2.5%.
The central bank sees unemployment rising a quarter of a percentage point to 6.5% by mid-2016.The mid-2016.Thell forecastreasuryt GDP growth of 2.75% for the coming fistillyear, rising to 3.5% three years later.
Similar(50)
The buoyant growth in March rounds off the best quarter for three years, indicating that the sector should provide a robust contribution to GDP in the first quarter.
Then, on the basis of rates at 4.5%, it forecast a robust recovery in GDP growth with inflation virtually glued to the 2% target.
For all these reasons, those expecting continued robust growth in GDP and corporate earnings may want to temper their expectations.
(34) The lack of labeling by FucAz-1-P, in contrast to the robust labeling with GDP-FucAz, suggests that the salvage pathway enzyme FPGT does not tolerate the 6-azido modification.
So even assuming a fairly robust recovery in real GDP in the second half of 2002, nominal GDP growth over the year is unlikely to be more than 3%.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com