Tuesday, May 16, 2006

My Assumption About Luxembourg Was Correct

In several previous post ( see for example here,here and here) discussing the lie promoted by Swedish Finance Minister Pär Nuder and other Swedish Social Democrats that Sweden have had the highest growth in Europe, I pointed out that nearly all of the 10 new EU member states as well as at least 4 of the old (Ireland, Greece, Spain and Denmark) had in fact higher growth. I also wrote that it was almost certain that a fifth "old" member, Luxembourg, also had higher growth.

In the latest report on GDP growth in EU member states from Eurostat, it turns out I was right about Luxembourg. In the year to the fourth quarter, growth was a full 5.7% in Luxembourg, well above Sweden's 2.9%.


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