The road to diversity

Nordic risk - Inflation

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Sweden's central bankers might have been forgiven for raising a wry smile when economic figures for last year were released at the beginning of March. GDP growth came in well above the European Union average at 4.4%, government accounts are in surplus, and price rises seem to finally be under control after a turbulent few years.But for all the back-patting at Stockholm's Finance Ministry, the figures ironically mark the beginning of a difficult period ahead for the city's inflation traders.