GDP to increase as bankruptcy rate falls

In its latest economic forecast Nordea, the financial services group, predicts a 3.4 per cent increase in GDP in 2005 and 3.0 per cent in 2006, primarily due to the strong domestic market.

Visible unemployment will fall from 5.1 per cent this year to 4.4 per cent in 2006.

The group also expects the Riksbank to raise the repo rate by 0.25 points in August with a repo rate of 2.50 per cent by year-end.

Consumers believe house prices will rise

A survey by SEB reveals that 57 per cent of households believe that house prices will rise in the next twelve months, as compared with 52 per cent last month.

Fewer bankruptcies

Fewer companies went into liquidation in 2004, according to the latest statistics. In the January-September period the number of bankruptcies decreased by 6 per cent, compared to the corresponding period in 2003. The number of employees in bankrupt companies totalled 16.400, a decrease of 21 per cent.

Sources: Dagens Nyheter, Svenska Dagbladet, Dagens Industri


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