Sweden is preparing for a serious drop in the economy. The rejection of the hard lockdown has not helped

The Swedish authorities expect the deepest fall of the economy since the Second world war, writes Bloomberg.

According to the forecast of the Minister of Finance Magdalena Andersson, in 2020 the Swedish economy will shrink by 7%. She acknowledged that the country faces a “very deep economic crisis” and the decline is faster than expected.

The Minister also expressed doubt that the Swedish economy will be able to recover quickly.

Sweden was one of the few countries in the world, which was not quarantined due to the outbreak of COVID-19. The government only issued guidelines for hygiene and social distancing. The government hoped that the economic benefit outweighs the possible increased burden on the health system and the increase in the number of deaths from infection. However, the Agency said, the amount of economic loss to question the justification of such a policy.

Bloomberg says that about half of the GDP of Sweden is exported, so domestic economic activity cannot compensate for the global decline in demand.

According to the data of Johns hopksinsa in Sweden infected with 34.4 thousand people, died more than 4.1 thousand in the neighboring countries, the number of cases and deaths is much smaller: Denmark – 11.4 million cases, 563 dead; in Finland, the sick 6,6 thousand people died 312, in Norway infected with 8.3 thousand people died in 235.

Leave a Reply

Your email address will not be published. Required fields are marked *


The EU supports the Belarusian people – Borrell

Vice-President of the European Commission, high representative of the Union for foreign Affairs and security policy Josep Borrell supported the demonstrators who took to the streets of Belarusian cities. About this he wrote in Twitter on Sunday, August 16. “Hundreds of thousands of Belarusians went out today on a peaceful demonstration, demanding the release of […]

Adviser to trump denies the media reports about the alleged intentions of the White house to meet with Putin before the election

Advisor to the President for national security Robert O’brien denied that the us President intends to meet with Russian President Vladimir Putin before the presidential elections in the United States. About it the adviser said in comments to NBC News on August 16. Earlier on Sunday, the channel, citing sources reported that trump was considering […]

Workers of two factories in Belarus, announced the strike Monday

Labor collectives of the plant “Belaruskali” and refinery “Naftan”, on August 16 announced that Monday, August 17, join the nationwide strike in Belarus, reported the news portal TUT.BY. The workers demanded to release all political prisoners and participants of peaceful demonstrations, the resignation of Alexander Lukashenko, the holding of fair and transparent elections, and investigations […]

Russia was seen paddy wagons and unmarked rooms, which were moving toward the border with Belarus – Conflict Intelligence Team

From Russia to the border with Belarus, according to eyewitnesses, moving cars similar to police cars, unmarked. About this in Facebook the evening of August 16, said the investigative group Conflict Intelligence Team (CIT). “The information about the transfer of personnel of Regardie towards Belarus seems to be confirmed”, – stated in the message. The […]