The reason why Småland in particular is particularly hard hit in the current recession is that the region has a larger share of industry than others, according to Susanne Spector. And the industries that exist in Småland are also the ones that are now hardest hit by rising interest rates and households that are cutting back on their consumption.

Many small house builders

Even during the financial crisis and the euro crisis, Småland was particularly vulnerable and the furniture industry and the construction companies in Småland are examples of sectors that are currently struggling.

– There are many small house builders in Småland and many testify to a very weak order situation. You don't buy new houses when the economy slows down," the chief analyst said.

"Have made it on lean soil"

Now, economic development in the region looks set to be tougher than during the pandemic, according to the chief analyst.

"This is mainly due to the fact that industrial companies see a worse global situation," she says.

In the video, you hear the mother of young children Alicia talk about what it is like to be laid off in the middle of a recession and also what it is like to work at Anebyhus in the middle of the crisis.

Give and take

However, not everyone says they need to fire people. At Gnosjö automatic turning, they say that it is a give and take between good and tough times. The staff cuts in extra when there is a lot to do, and in return, the company is lenient when times are tougher.

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Gnosjö automatic turning chooses to retain staff despite recession