Economics

Sweden Confidence Plunges to Record Low Amid Recession Fears

Swedish flags fly from a tourist souvenir shop in Gamla Stan in Stockholm, Sweden.
Photographer: Mikael Sjoberg/Bloomberg

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By Rafaela Lindeberg

April 23, 2020 at 7:16 AM UTC

Updated on

April 23, 2020 at 7:29 AM UTC

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Confidence levels in Sweden plunged to record lows in April amid concerns that the coronavirus pandemic may push the Nordic region’s biggest economy into its worst recession since World War II.