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Sweden’s “let it rip” approach saw only marginal economic activity: report
A new University of Copenhagen paper suggests that Sweden, which has pursued relatively-soft lockdown measures, has only seen marginally higher economic activity than their more gung-ho Scandinavian neighbours.
While it may not have yet been peer-reviewed, the 12 May paper, titled ‘Pandemic, Shutdown and Consumer Spending: Lessons from Scandinavian Policy Responses to COVID-19′, cites Danske Bank figures in concluding that aggregate spending in Sweden dropped 25% from 11 March to 5 April 2020; this is only four points higher than spending in Denmark, which opted for stronger measures earlier in the outbreak and has seen spending fall by 29%.
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