SWEDEN (3-31-20)

Very Serious Situation for the Global Economy and the Swedish Economy:

“The global economy, like the Swedish economy, is expected to enter a recession with strongly negative GDP growth in 2020.”

A press release from Sweden’s Ministry of Finance reports:

“The virus outbreak has had a serious impact on economic growth, both in Sweden and around the world. This is a combined shock to supply and demand, with knock-on effects between countries. The level of uncertainty in the forecast is very high. This assessment is based on analyses of how different sectors are affected by the measures taken to limit the spread of the virus and how the economy has reacted in previous crises. The global economy, like the Swedish economy, is expected to enter a recession with strongly negative GDP growth in 2020.”

government.se

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