Sweden’s lack of a lockdown during the worst of the coronavirus crisis caused considerable controversy both at home and abroad, but the latest data on the country’s economy show that Sweden fared much better than other EU nations.
Second quarter figures show the economy shrinking by 8.6 percent, considerably less than the EU average of 11.9 percent and much less dramatic than the 18.5 percent contraction in Spain. France suffered a 13.8 percent fall and Italy 12.4 percent.
However, the fall in output was the worst over a single quarter since 1980. Swedish exports were badly hit by a fall in demand from abroad.
PHOTO: Visit Sweden