Sweden leading European recovery

Sweden has lept out of the post-crisis economic doldrums, reporting growth of 1.2 percent in the second quarter of 2010. It's growing faster than every other EU country except Slovakia. Non-member Norway is shuffling by comparison but at least it's headed the right way. Today it reported second-quarter GDP growth of 0.5 percent, not including its volatile oil sector. Even that weak rate beat analysts' expectations, as I reported here for Reuters. Denmark is expected to post its fourth consecutive quarter of recovery.