Saturday, January 23, 2021

Tag: Sweden Is Not The Model

Sweden Is Not The Model

by Paul Craig Roberts, Paul Craig Roberts:

There is a lot of conflicting information about Sweden.  Some claim that “open” Sweden has no higher infection and death rates than its neighbors, a claim contradicted by this report:  https://www.zerohedge.com/health/swedens-covid-19-handling-failure-or-success 

Others tauting the “open” Swedish model ignore that according to the Swedish Riksbank de facto the Swedish economy is closed. Sweden has experienced a sharper drop in first quarter GDP than the US, with the Swedish economy down 11%.  The Riksbank’s estimates are a 70 percent decline in restaurants and cafes, a 90% decline in cinema, sports, and other crowd events. a 40% decline in car sales, a 23% fall in exports, a 30% decline in shoes and clothes purchases, a 75% drop in Swedish recreational travel.