Economy

Vacation travel  

Japan and Turkey have become cheaper for Swedes

Despite the fact that travel has become more expensive, global tourism increased by 34 percent last year, reports SVT Nyheter. This year, tourism is expected to recover the entire pandemic loss and break new records. 

- We choose to prioritize travel. It is a little surprising given that it has become much more expensive, says Johan Javeus, chief strategist at SEB.  

At the same time, there are countries where it has become cheaper for Swedes to travel since last year. In Japan, for example, the currency has weakened by 10 percent against the krona, and in Turkey the decline is 6 percent. It has also become cheaper for Swedes to travel in China, Thailand and South Africa.  

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The development of the Swedish krona 

Ingves: Replace the krona and scrap the interest deductions  

Stefan Ingve's quarantine is over after he quit as governor of the Riksbank, which allows him to speak more freely. And he does that in SvD Näringsliv.  

The former governor of the Riksbank thinks, among other things, that the krona should be replaced by the euro: 

- If you are not part of the euro, then you are de facto only half a member of the EU.  

He adds that it is "very odd and stubborn" for Sweden to stick to its own currency.  

Ingves also proposes several solutions to get things right in the housing market: market rents, more rental properties, higher property tax and scrapped interest deductions. 

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India's growth  

Trade with India is growing: "There is huge potential"  

While Sweden's trade with China remains at the same level as before the pandemic, it has increased by 35 percent with India, writes TT. 

- There is huge potential in India as a trading partner, says Kommerskollegium's chief economist Patrik Tingvall to the news agency.  

Although trade volumes with China are still much larger, the country's subdued growth and political situation are seen as concerns, he adds.  

During the last year, the number of Swedish companies in India increased to 260, according to Business Sweden.