More Swedish Entrepreneurs believe in lower growth
Monday, 19 September 2011
Swedish entrepreneurs have now lowered their tempo about their view of the their future business expectations.
According to a Survey carried out by the bank, SEB, almost half of entrepreneurs in their small business panel believe in lower growth in the fourth quarter, and only one in ten expects higher growth.
Financial turbulence mostly in Europe and the struggles of Obama in the USA, has been weaken optimism about the Swedish economy which is mostly an export led economy and as such it gives way to pessimism, according to the banking group.
However, a majority, some 60 percent, still see things unchanged, and 77 percent say the financial turmoil has not led to revised plans for the business expectation.
By Scancomark.se Team
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