Automotive Sweden is an independent non-profit organization. We spread knowledge of the Swedish automotive industry to national and international players to encourage co-operation and stimulate growth in the automotive industry.
Economic recovery is going slowly
Swedbank maintains that economic recovery is going slowly and estimates that the road will be bumpy. The underlying problems in Europe and the US resulting in large deficits are putting the brakes on development. In Europe, several countries have such high deficits that powerful austerity packages must be implemented, and this has a negative effect on the economic climate. The driving force in the economy is Asia. China is in the lead, but Japan is also picking up speed.