You didn't know Agnetha from ABBA had a solo career, did you?
I say "had". She's still releasing music. In fact, she reached her high water mark in 2013, with her album A. This song is not from that album, but rather from her 1983 English language debut solo album (she had Swedish language albums prior to ABBA, beginning in the late 1960's, and did have some major hits in her home country), Wrap Your Arms Around Me. It is Agnetha's biggest US solo hit to date, reaching #29 in 1983.
The song is a pretty typical 1980's pop/rock song, penned by Russ Ballard.