Thursday, November 23, 2006

Swedish Household Debt Rises to Same Level as 1980s

Swedish household debt rose in 2005 to 135% of disposable income compated to 125% in 2004. This means that it have reached the highest level since the property bubble of the late 1980s, the Swedish statistical bureau reports. This illustrates again how the current strong Swedish growth rate is cyclical in its nature.


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