Swedish Bankruptcies Decline for the First Time in Two Years
This article is for subscribers only.
The number of bankruptcies in Sweden declined on year last month, for the first time since July 2022, according to data from credit reference agency Creditsafe.
The 3% drop in defaults in August comes as falling borrowing costs have helped fuel optimism about an economic recovery in the Nordic region’s largest country. The outlook has brightened after the central bank indicated it will continue to lower rates and as the Swedish government is preparing a 2025 budget that aims to stimulate growth and provide relief to households that have been battered by higher prices and mortgage rates.