In 2024, the number of bankruptcies in Sweden increased by 21 percent compared to the previous year. The figure is the highest since the financial crisis of the 1990s.
The recession is taking its toll on Swedish companies. Annual statistics from business and credit information company UC show that just over 10,000 limited liability companies went bankrupt last year, with a 100 percent increase in certain industries.
”"The construction, retail, and hotel and restaurant industries have had a particularly tough time," UC writes in a press release.
Looking ahead to 2025, UC notes that the number of bankruptcies decreased during the second half of 2024 and that there is some hope based on lower interest rates, which could stimulate entrepreneurship.
”"If we look to the coming year, however, there are glimmers of light and signs of recovery. 2025 remains difficult to assess and it is too early to say that the economy will turn around," writes UC.
Source: TT-DI.SE
