Swedish Bankruptcies Surge to Highest Level Since 1990s
- Bankruptcies are increasing again after stabilizing in autumn
- High inflation and interest rates are pressuring companies
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Swedish bankruptcies jumped 29% in 2023 to the highest level since the 1990s, when the bursting of a property bubble crippled the Nordic nation’s banking system.
This may just be the tip of the iceberg in the wake of persistently high inflation and interest rates, according to UC, a credit reference agency that compiled the data. In December, bankruptcies increased overall by 23% from a year earlier, it said.