lördag 28 december 2024

Economy

Europe's growth
Economist: "Risk that it will get worse before it turns around"

Nordea's chief economist Annika Winsth is optimistic about the Swedish economy and predicts a turnaround as early as the middle of next year. She tells Afv. At the same time, she expresses concern about Europe's development, where political challenges and increased nationalism threaten free trade.

- When it comes to Europe, I am seriously concerned. There is a significant risk that it will get worse before it gets better.

She points in particular to developments in Germany and France, where internal problems and political uncertainty could have negative consequences for the entire region.

China's growth
Xi Jinping: China faces a "very difficult" 2025

Chinese President Xi Jinping said during a meeting with the Politburo on Friday that the country faces "very difficult" challenges in 2025. This is reported by the TV channel China Central Television according to Bloomberg News.

China has decided to pursue a more growth-friendly policy in the coming years, but few details have been given about how. During Friday's meeting, the message was that China must deepen reforms to help the economic recovery.
Swedish growth
List: Sweden is the poorest in the Nordic region – Denmark the richest

Sweden has the world's 15th highest wealth per capita at 3.5 million kronor, according to the UBS wealth report for 2024.

However, the median wealth of 910,000 is significantly lower, placing Sweden in 24th place globally and last in the Nordic region.

In Finland, Norway and Denmark, the median wealth is 970,000, 1.67 and 2.13 million kronor respectively.

The reason for the large differences between the average and the median figure is that the wealth of individuals pushes up the average.

Volkswagen data leak – 800,000 electric cars affected

Volkswagen has been hit by a major data leak that exposed movement data from 800,000 electric cars, including precise GPS information. This is reported by Spiegel.

Data on 68,000 Swedish cars and contact information for owners have been unprotected in Amazon's cloud storage for several months, the newspaper writes.

The leak was revealed by a whistleblower and the hacker group Chaos Computer Club.

The sensitive information includes details such as car parking spaces, which raises concerns about the owners' privacy.

Crypto fraudster Do Kwon extradited to the US

Montenegro is extraditing South Korean crypto fraudster Do Kwon to the US, according to a press release from the country's Ministry of Justice. This is reported by TT.

Do Kwon is suspected of fraud, among other things, and the case is linked to the collapse of the company Terraform labs in the spring of 2022. Values ​​equivalent to 450 billion kronor were erased when the twin currencies Luna and Terra crashed.

Do Kwon was arrested in March 2023 when he tried to board a plane from Montenegro.

Europas tillväxt

Ekonom: ”Risk att det blir sämre innan det vänder”

Nordeas chefekonom Annika Winsth ser ljust på den svenska ekonomin och förutspår en vändning redan i mitten av nästa år. Det säger hon till Afv. Samtidigt uttrycker hon oro för Europas utveckling, där politiska utmaningar och ökad nationalism hotar frihandeln.

– Vad gäller Europa är jag ordentligt bekymrad. Det finns en betydande risk att det blir sämre innan det blir bättre.

Hon pekar särskilt på utvecklingen i Tyskland och Frankrike, där interna problem och politisk osäkerhet kan få negativa konsekvenser för hela regionen.

Xi Jinping: Kina står inför ”mycket mödosamt” 2025

Kinas president Xi Jinping sa under ett möte med politbyrån på fredagen att landet står inför ”mycket mödosamma” utmaningar under 2025. Det rapporterar TV-kanalen China Central Television enligt Bloomberg News.

Kina har beslutat att föra en mer tillväxtvänlig politik under nästkommande år men få detaljer om hur har getts. Under fredagens möte löd beskedet att Kina måste fördjupa reformer för att hjälpa den ekonomiska återhämtningen.

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