Sweden — In 2016, the sales growth in shopping centers and retail areas was summarized to 4.0 percent. Meanwhile the interest in establishing new retail areas is cooling off, which can be a sign of recession.<br /> “It’s most likely not a hack in the curve this time, we believe that we have reached a peak and it will slow down going forth. We will see a negative development of the project volume,” says Tobias Rönnberg, Analyst at HUI Research.