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Swedish companies aren't feeling confident about hiring more staff in the year ahead

Swedish businesses remain pessimistic about their hiring prospects in the near future, with only one in four believing they will have more employees within a year, a survey suggests. Advertisement The economic downturn and continued uncertainty about United States President Donald Trump's postponed trade tariffs are still causing concern among Swedish businesses. The Confederation of Swedish Enterprise (Svenskt Näringsliv) quizzed nearly 6,000 companies on their views on the current situation as part of their business panel. When asked whether they think their staff will increase over the next year, six out of ten companies still believe they will remain unchanged, and one in ten believe they will have fewer employees – unchanged from the previous survey in the first quarter of the year. And when it comes to investments, 52 percent assess the situation as unchanged. The Confederation of Swedish Enterprise also predicts that Sweden's Riksbank will decide to lower the key interest rate this week, followed by another cut after the summer.