
The Macro Viewpoint - US debt ceiling, Swedish lessons, what's concerning companies
HSBC Global Viewpoint
The Slowdown in Consumer Demand in Sweden
The state of Sweden's economy isn't usually at the top of investors minds but you're saying they should be paying more attention to it. Why? So Sweden's a really interesting almost test case for the world so far this year where the impact of high interest rates seems to be feeding through into economic data quickly and clearly. We can see this in much much weaker credit growth than many other parts of the world, consumer confidence, business confidence are extremely subdued. But also interestingly now we're seeing corporates starting to think differently about some of their pricing plans,. They're happening in Sweden today and therefore it's probably worth giving it a bit more attention.
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