Swedish households and builders upbeat for 2005

Swedish households and construction companies are upbeat about next year although the previously heated industrial business climate has substantially cooled down, according to the National Institute of Economic Research (NIER) in its latest barometer.

An increasing number of households believe more jobs will be created next year. Inflation expectations declined sharply in December, and households now see prices rising modestly at 1.3 per cent. This shows that households are confident that the Riksbank will keep inflation low in the future.

The construction sector has also begun to see the light at the end of the tunnel. Order intake has risen over the past months, and with the expected spike in building activity, companies are seen hiring new workers, albeit at a modest rate.

Money laundering law criticised

The Swedish Bar Association and the Swedish Brokers Association have harshly criticised the new law on money laundering set to take effect by January 1 next year.

“The law turns lawyers into informers,” says Anne Ramberg, secretary-general of the Swedish Bar Association.

Swedes want to keep gaming monopoly

Most Swedes want to keep the gaming monopoly, with only two our of 10 Swedes batting for an end to the state’s dominance on the gaming market, according to the results of the Ruab survey commissioned by DI.

Sources: Dagens Nyheter, Svenska Dagbladet, Dagens Industri


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