Dödligt virus från Kina orsakar panik (SARS-CoV-2, COVID-19)

Sweden’s Covid-19 strategy may ultimately result in a smaller -- albeit historically deep -- economic contraction than the rest of Europe is now facing, according to HSBC Global Research economist James Pomeroy.

“While Sweden’s unwillingness to lock down the country could ultimately prove to be ill-judged, for now, if the infection curve flattens out soon, the economy could be better placed to rebound,” he said.

Pomeroy pointed to some Swedish characteristics that may be helping the country deal with the current crisis. More than half of Swedish households are single-person, making social distancing easier to carry out. More people work from home than anywhere else in Europe, and everyone has access to fast Internet, which helps large chunks of the workforce stay productive away from the office.

And while many other countries have introduced strict laws, including hefty fines if people are caught breaching newly minted social-distancing laws, Swedes appear to be following such guidelines without the need for legislation. Trips from Stockholm to Gotland -- a popular vacation destination -- dropped by 96% over the Easter weekend, according to data from the country’s largest mobile operator, Telia Company. And online service Citymapper’s statistics indicate an almost 75% drop in mobility in the capital.