The Riksbank calculates that consumer prices will increase 1.2% this year, 2% in 2011 and 2.1% in 2014 – the Bank targets 2% inflation. The Bank also predicts that unemployment will average around 8.9% for the year, 8.5% next year and 8.1% in 2012.
This is no surprise: the Nordic countries are among the world’s happiest, writes Francesca Levy for Yahoo! Finance. The five happiest countries in the world include Denmark, Finland, Norway, Sweden and the Netherlands. Happiness, as quantified by the researchers conducting the survey, is seen as a combination of high per-capita income and psychological well-being. [Netherlands ETF: Flying High, But Cautiously.]
For more information on Europe, visit our Europe category. You can research holdings and weightings of both of these ETFs, as well as view fact sheets, on our ETF Resume:
- Global X FTSE Nordic 30 (NYSEArca: GXF)
- iShares MSCI Sweden (NYSEArca: EWD)
Max Chen contributed to this article.