Economics
Sweden’s ‘Gentler’ Lockdown to Limit Economic Damage, SEB Says
People sit in the spring sun at an outdoor restaurant in Stockholm, Sweden on April 26.
Photographer: Jessica Gow/TT News Agency/AFP via Getty Images
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Sweden’s “relatively gentle lockdown strategy” will limit the downturn in its economy compared to those in other Nordic countries, according to analysts writing in SEB’s outlook report.
The region’s biggest economy will nevertheless be severely tested by the corona crisis with SEB expecting Swedish GDP to shrink by almost 7% in 2020, making it the largest drop in modern times.