The Swedish economy is entering a slowdown phase after having peaked in the first half of 2018, according to the National Institute of Economic Research (KI).
Share wealth, the value of listed companies on Swedish marketplaces, increased by SEK 17 billion in the first six months of 2018, and amounted to SEK 7 015 billion at the end of June, according to a recent report published by Statistics Sweden
Zhejiang Geely Holding, China's leading privately owned automotive group, has bought an estimated $3.3 billion stakes in AB Volvo, a Swedish manufacturer of trucks, from Europe’s largest activist fund manager Cevian Capital.
The Swedish Government has suffered a “disastrous” data leak, according to the country’s Prime Minister, Stefan Lofven.
Volvo has become the first traditional carmaker to signal the end of the internal combustion engine.
Sweden’s GDP increased by 0.4 percent in the first quarter of 2017, compared with the fourth quarter of 2016 Statistics Sweden, the national statistics agency, said in a statement.
Sweden is the best out of 139 countries worldwide in the recent 2017 Best Countries for Business ranking by Forbes, measuring which economies are the most inviting for capital investment.