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Swedish household, Skr45 billion poorer

Wednesday, 21 September 2011
 Swedish households' net worth, assets minus liabilities, fell during the second quarter by SEK 45 billion to Skr7418 billion.

In an assessment made by the Swedish banking group, SEB, in its savings survey, it shows that economic turbulence had made the Swedes more risk averse and their assets have not grown.
"Decreased market capitalization and increased debt levels for households are behind the case," the bank's private economist Gunilla Nyström in a statement.
Debts grew at an annual rate of 6.3 percent, the lowest growth rate since the first quarter of 2000.
By Scancomark.se Team












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