Skip to content
Subscriber Only
Markets
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

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis.

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.