Economics
Crisis Is Exposing Sweden’s Structural Problems, Swedbank Says
Customers dine at a restaurant in Stockholm in April.
Photographer: Jonathan Nackstrand/AFP via Getty Images
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Sweden’s economy is being hit hard by the Covid-19 pandemic even though the country hasn’t shut down society as extensively as many others have, according to Swedbank economists.
The crisis is also exposing structural problems in the Nordic nation, including a dysfunctional housing market and limited job opportunities for young people and newly arrived immigrants, Andreas Wallstrom said in the bank’s outlook report.