Forbes: Sweden is the best country for doing business

The business magazine heaps praise on Sweden, which it says has "undergone a transformation built on deregulation and budget self-restraint". Forbes credits the former centre-right government's benefit cuts and tax cuts with stimulating employment, it points to the country's growth rate of 4.2 percent in 2015, its low level of public debt and its trade surplus. However, Sweden's main business lobby says the country's success is overstated. "There are plenty of advantages to running a business in Sweden, but it feels like an exaggeration to say that it's the best country overall," the confederation's economist Jonas Frycklund said, adding that Forbes focused on large companies, whereas it was difficult for small companies in Sweden to grow. (The Local Sweden)



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