Lack of lockdown did not help Sweden’s economy very much
‘Our findings suggest that you actually don’t lose that much extra spending for each extra life you save,’ the author of a new study says
Copenhagen — Sweden’s “light-touch approach” to curtailing the spread of Covid-19 has produced only limited economic benefits, according to research that compared spending patterns in the Scandinavian country and in Denmark, where far more restrictive policies were adopted.
Unlike elsewhere in Europe, Sweden did not go into lockdown, keeping shops, schools and restaurants open and relying on voluntary social distancing instead. While the strategy has resulted in a much higher mortality rate, researchers at the University of Copenhagen found that consumer spending in Sweden fell only four percentage points less than in neighbouring Denmark — 25% compared to 29%...
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