Stockholm 'second-best-performing city' in Europe
The California-based Milken Institute think tank ranked 125 European large regions in its first 'Best-Performing Cities Europe Index', measuring their economic performance using "outcomes-based metrics including job creation, wage gains, manufacturing, and skilled service industry concentration". Stockholm zoomed into second place, behind the UK's inner London-East region. East-central Sweden, including university town Uppsala, just missed out on the top-ten in 11th place. "Stockholm has one of the top ecosystems in the world for creating and launching new firms, with a thriving early-stage financing community that would rival American tech centres," wrote Milken Institute, also noting Sweden's highly-educated homegrown talent. However, the report also highlighted Stockholm's housing shortage as its main challenge, and urged Sweden to create "incentives for new private investment".
- The Local -