This is expected to happen with the Swedish krona in 2025

earthpressnews
This is expected to happen with the Swedish krona in

Many are worried about what will happen to the Swedish krona next year. Danske Bank has now predicted that it will weaken.

READ MORE: Do this – before 2024 ends: “Pennies disappear”

Sweden’s economy is affected by the world

Sweden’s economy is greatly affected by what happens in other countries, especially in the USA and Europe.

– The industry in countries like Germany and France must do better for it to help Sweden. Europe struggles with weak growth, says Maria Landbornsenior strategist at Danske Bank, to Today’s Industry.

She also means that you need to see an improvement in the industrial economy, especially in Germany and France.

READ MORE: Pensioners must do that in 2025 – for a better economy

The Swedish krona may weaken further

On December 19, the Riksbank is expected to lower the interest rate, and several major banks believe in another reduction in January. Many, however, are more worried about how the Swedish krona will develop in 2025. Danske Bank believes that the krona will continue to weaken and lose even more against the dollar.

– The krona will probably be weak and may become even weaker against the dollar next year. We do not believe that the krone will strengthen, says Maria Landeborn.

2025 thus looks set to be a tough year for the krona and the Swedish economy.

Danske Bank predicts that the Swedish krona will weaken in 2025. Photo: Annika Byrde/TT

READ MORE: The big change in Swish – applies to everyone with Android

This happens when the Swedish krona weakens

A weakening of the krona means that it becomes less valuable in relation to other currencies. This can lead to various consequences, such as higher prices and increased living costs. Here are some things that could happen if the krona weakens:

  • Travel abroad can become more expensive: If the Swedish krona weakens against other currencies, such as the euro or dollar, it will be more expensive for us Swedes to travel abroad or buy goods in other countries.
  • The prices of imported goods may increase: This may, among other things, affect the prices of food or fuel imported from other countries.
  • Affected pension for those who save in foreign currencies: If you have your pension or your savings in foreign currencies, a weakened krona can give greater value when the money is converted back into Swedish kronor, or conversely reduce the value if the Swedish krona strengthens.

    • READ MORE: They pay SEK 11,000 more for electricity – are you one of them?

    nh2-general