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Ruskin Felix Consulting

Ruskin Felix Consulting

Sweden Faces Recession as Housing Market Troubles Take Toll on Economy

GDP downfall Sweden economy breaks Real estate

For years, Sweden has been warned that its dysfunctional housing market, plagued by under-supply and kept aloft by low rates and generous tax benefits was a risk to the wider economy. Now those risks are becoming reality. Households with big mortgages are reining in spending as interest rates rise and house-builders are pulling the plug on investment, tipping Sweden into recession. The country is set to be the only EU economy experiencing outright recession this year.


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