Tax cuts? Why?
NOT for more than a decade has Sweden enjoyed such rude economic health. It has low inflation and interest rates; its consumers are spending merrily; unemployment is about 5%; the currency is sturdy. Yet Goran Persson, the prime minister, is getting more stick not just from opposition politicians but from non-partisan economists than at any time in his four years in office.
This article appeared in the Europe section of the print edition under the headline “Tax cuts? Why?”
From the August 5th 2000 edition
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The attack on Ukraine is part of a new era of missile warfare
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Once dominant, Germany is now desperate
As an election looms its business model is breaking down