The battered krona’s woes are far from over, says Swedish fund

There’s little cheer in store in the new year for the worst-performing major currency of 2019, according to Swedish money manager Erik Penser Bank.

Photo: Martin Lehmann

Sweden’s krona may slip further in 2020 as the economy grapples with weak consumption and investment growth and a lack of political will to tackle these problems, said Jonas Thulin, head of asset management at Stockholm-based Erik Penser, which oversees 38 billion kronor (EUR 3.7bn) of assets.

It has fallen over 5 percent this year to about 9.40 per dollar as of this writing.

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