The Swedish krona has had a tough week, weakening by 1 per cent against the euro and by 0.5 per cent against the US dollar within a week.
Head economist of the Confederation of Swedish Enterprise Bettina Kashefi is concerned about Swedish companies: “With this model we are putting good Swedish companies on sale. There is a huge risk.”
Michael Grahn, head economist of Danske Bank agrees, “The more the krona loses, the bigger the risk that companies are bought up. It is a negative aspect if ownership ends up abroad instead of with us,” he says.
Bettina Kashefi adds that when there is a weak currency, companies can believe they are better than they are and avoid taking necessary structural measures, which means they are not prepared when the currency strengthens.
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