Sweden’s chief executives are far gloomier about the country’s economic prospects in the coming years than in previous years, according to consultant firm Axholmen’s annual survey. Three of four believe there will be a recession before the end of 2020. Furthermore, 52 per cent expect the macroeconomic situation in 2019 to be worse than in 2018 while only four per cent expect a better situation in Sweden this year.
“We have not seen as negative a view at national level since 2012, when we had the last economic dip,” says Anna Nordberg, co-owner of Axholmen.
Nevertheless, Swedish companies are prioritising growth before efficiency measures, according to the survey. In 2018, 61 per cent said they were prioritising growth, while in 2019, 63 per cent are planning to do so.
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