I thought I would make a cheerful chart about new construction, which for the first time we are seeing in building permits for new builds, but then I happened to create a chart that explains the whole Swedish economic cycle of the past ten years.
We had a construction boom, everything pointed upwards, then came Covid, which did not affect us much, but then came the full-scale invasion of Ukraine, and interest rates shot up, which was devastating for the Swedish economy. Are we seeing the start of a recovery?
The file used is here:
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