Monday, January 25, 2021

Tag: In Effect Sweden’s Economy Is Also Closed

In Effect Sweden’s Economy Is Also Closed

by Paul Craig Roberts, Paul Craig Roberts:

We have been subjected to much nonsensical disinformation that Sweden has kept its economy open and is faring no worse in infections than countries with closed economies and without the economic consequences of closed-downed economies.  The fact of the matter is that de facto Sweden’s economy is closed and is doing no better than anyone’s elses, and its infection rate is still rising.

Sweden closed universities and high schools, banned gatherings of large groups, asked people to avoid non-essential travel, and advised those ill and over 70 to stay at home. Sweden did not require restaurants, bars, and gyms to close, but business is down by 70% as people have avoided the risk.  That decline could be larger than in the US where restaurants are permitted to provide takeouts.  In Sweden the hotel occupancy rate has dropped from 60% to 10%.  Sweden’s economy is “open” only in words.