World Economy

Swedes Save, Don’t Spend

Swedes Save, Don’t SpendSwedes Save, Don’t Spend

Swedes are feeling more optimistic about their personal finances, but would rather put their money in the bank than spend it at the shops, a new survey suggests, The Local reported. Despite a surprise growth spurt for the economy in February, negative interest, record stock exchange trade, and the weak krona have put a dampner on Swedes’ willingness to spend the extra cash in their purse.