Friday, September 21, 2007

MCKINSEY: TRUE UNEMPLOYMENT 15-17 %

The McKinsey Global Institute in a frequently cited follow up study of Sweden 2006 gives credit for productivity growth and macroeconomic stability but exceptionally high taxation on labor and microeconomic inflexibility restrain development and contribut to a "de-facto" unemployment rate between 15 and 17 percent.

Sweden's Economic Performance: Recent Development, Current Priorities

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