Your chain breaks at "less people willing to buy goods due to risk". SEK going down will push the costs of imports up. It will also make Swedish exports more c

Your chain breaks at "less people willing to buy goods due to risk". SEK going down will push the costs of imports up. It will also make Swedish exports more competitive. Imports being more costly will cause Swedish consumers to substitute imported goods with local alternatives. The net will be that wages will go up and unemployment will go down. This is good. But the price of goods will become dear to the Swedish consumer and this is bad. And there's a possibility of a wage/price spiral driving up inflation.