Swedish Bankruptcies Surge Again Amid Stumbling Economic Recovery

This does not bode well for the Swedish economy, which saw the number of bankruptcies surge once more-in what economists term a sign that the hoped-for recovery may be stalling. According to new data from credit firm UC, the month of September experienced a 14% increase in bankruptcies compared to the same period last year, thus evidencing the challenge that Swedish businesses are going through today. It is now the second consecutive month in which bankruptcy rates have risen, thereby increasing concern over the nation's economic health.

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