Sweden is experiencing a significant increase in bankruptcy filings, with projections suggesting that the total could exceed 10,000 this year, a level not seen since the financial crisis of the 1990s.

The rise in bankruptcies reflects broader economic challenges, as the struggles of the financial sector begin to affect the wider economy, causing concerns among investors and policymakers.

In 2023, 9,197 limited companies have already declared bankruptcy, which is a 24% increase compared to the same period last year and a remarkable 64% rise from two years ago.

The CEO of Creditsafe, Henrik Jacobsson, has drawn attention to this concerning trend, highlighting the impact of the current economic climate on businesses throughout the country.