Economics

Sweden Predicts Recession to Rival Economic Crisis of 2008

Pedestrians walk near the Skeppsholmen ferry terminal, in view of the Grona Lund amusement park, which has temporarily closed due to the coronavirus, in Stockholm, on March 26. — Pedestrians walk near the Skeppsholmen ferry terminal, in view of the Grona Lund amusement park, which has temporarily closed due to the coronavirus, in Stockholm, on March 26.
Photographer: Mikael Sjoberg/Bloomberg

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By Niclas Rolander

March 31, 2020 at 8:45 AM UTC

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Sweden’s government expects the economy to contract as deeply as it did during the global financial crisis of 2008 as the coronavirus pandemic brings life to a virtual standstill.