Finance Minister Anders Borg speaking to journalists on Tuesday. Photo: Sven Hultberg Carlsson, Radio Sweden
Sweden's economy headed for trouble?

Borg: "Sweden's economy is small and open – obviously we're hurt"

3:00 min

Everywhere you look, signs that the Swedish economy is slowing abound. Unemployment has risen to 7.2 percent, the biggest jump in over two years. Thousands more have recieved notice that they may lose their jobs, at companies like Ericsson, Volvo and Husqvarna. On Tuesday, the ratings agency Standard & Poors lowered their outlooks for eight Swedish banks from stable to negative, citing a worsening economic outlook in Sweden and a slowdown that's faster than expected. Radio Sweden spoke to Finance Minister Anders Borg to hear how the government sees the bleaker economic outlook.

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