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Sweden and Scandinavian countries faced a crisis in the 1990s when government spending reached 70% of GDP, were forced to pull back, and are now much more fiscally disciplined than America as a result.

factualpending

Speaker

Ruchir Sharma

Evidence Quote

“Sweden...when they became very overextended in the 1990s and they faced a crisis even they were forced to pull back their government spending as a share of GDP had reached 70%”

Source

The real impact of growing budget deficits - Ruchir Sharma— Norges Bank Investment Management
Created: 8/11/2026, 8:01:53 AM

My Notes

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