EU nation sees bankruptcies surge – Bloomberg ...News

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EU nation sees bankruptcies surge – Bloomberg
The number of insolvencies in Sweden has been rising amid slowing consumption, the outlet reports Bankruptcies in Sweden soared for the seventh consecutive month in February amid declining household consumption and growing pressure on construction companies from an ongoing housing-market crunch, Bloomberg reported this week. A severe slump in Sweden’s real estate sector has damaged the Nordic region’s largest economy, which is struggling with surging consumer prices and growing interest rates. The country has been facing its worst housing-price plunge in three decades, which has led to a reduction in investments i

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