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by ModernMech 2251 days ago
Again, Sweden is not the US, they have not been hit nearly as hard. More people will die today in the US than have died total in all of Sweden. Sweden is not immune from the effects of Covid. They have imposed measures to limit the size of gatherings, have closed secondary schools and colleges, and have imposed restrictions on restaurants. Despite their looser restrictions they are still expecting to see the economy contract and have experienced record unemployment:

``` A record 36,800 people were handed their notice in March, more than 10 times the number from the same month last year.

The government has offered loans and guarantees and expects to increase expenditure by around 84 billion Swedish crowns ($8.35 billion) this year.

At the same time, the central bank has poured money into the financial system, offering 500 billion Swedish crowns in loans to companies via banks and boosting its purchases of securities by 300 billion crowns.

Banking group Swedbank said recently it expected the economy to contract 4% this year. ``` https://www.reuters.com/article/us-health-coronavirus-sweden...