Economics
‘Striking’ Crisis Gap Exposed as Swedish Economy Stands Out
Photographer: Jonathan Nackstrand/AFP via Getty Images
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There’s one country whose economy looks set to fare better than others when it comes to the fallout of Covid-19: Sweden.
In a report on Monday, Capital Economics presented data that give Sweden an irrefutable edge. From peak to trough, Swedish GDP will shrink 8%; in the U.K. and Italy, the contraction is somewhere between 25% and 30%, according to estimates covering the fourth quarter of 2019 through to the second quarter of 2020. The U.S. is somewhere in the middle, it said.