The world was apparently not prepared for Trumps’s win. Soon after the results had begun to come in, the global stock market started to expierience a significant turmoil, which Sweden has not manage to avoid as well.
However, according to Dagens Nyheter, the anxiety slowly began to drop this afternoon, after Trump’s acceptence speech. It soothed the investors’ fears concerning the new president’s unpredictability. Trump, to everyone surprise, seemed calm and put together. The dollar price started to get back to its former level. Accoding to the Swedish economists, the Swedish economy is not going to suffer, at least not significantly.
In the morning, right after the election’s results
has become clear, the Stockholm’s stock market opened with Index OMXS30 decreasing significantly – it has declined by 3 percent. However, at 2.30 p.m. it was only on the minus 0,4% level.
Other European stock markets also have not regisered great economic drop, says economic director Robert Bergqvist from a Swedish bank, SEB. People simply are afraid what the future brings and we can already see the decreasing American dollar’s decrease.
Anna Breman from Swedbank soothes the general anxiousness: “Swedish economy should easily conqueer the challanges, taking into account the good financial sector, as well as considerably high internal demand. However, it is still going to influence the government, as well as Riksbanken which are going to be forced to deal with the much weaker global economical growth.”
(SR.se, DN.se, VA.se)
