Sweden expects a smaller hit to its economy due to COVID19

April 27: Swedish Minister for foreign affairs Ann Lind said that by keeping the businesses open we expect a smaller hit to Sweden’s economy in comparison to that of US due to the COVID19 problem.

In an interview with WSJ, she mentioned that the economy will be disrupted and we will see a downfall in the growth at least by 4% or could be 10%. But we will have a very strong start with 4 different goals not only to spread the virus but also to mitigate the impact on jobs and businesses and to provide security on those who lose the jobs.

Sweden has been one of the countries who have been affected badly by the virus with over 18000 cases and 2200 deaths. However, the country is rated as one of the most reputed countries in the world looks to surge back due to its open policies.