"Sweden's ballooning debt and housing shortages have passed the point of no return, making a future collapse in housing prices inevitable, argues Anders Borg. According to him, the consequences of this collapse will undermine economic growth as indebted households are increasingly forced to cut back on consumption."
The reason behind this housing problem is I think obsvious:
"According to the National Housing Board, this is due to the rapid growth of the population as a result of the dramatic influx of asylum immigrants from the Third World. According to the report, the situation is particularly difficult for the young, the elderly and the new arrivals, with the outlook rapidly deteriorating."
Will Captain Sweden save the day?
Former Swedish Finance minister: "Economic Crash Only a Matter of Time"
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