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> Sweden didn’t go into total lockdown but still did a lot. Indeed; both Sweden (https://ycharts.com/indicators/sweden_unemployment_rate https://ycharts.com/in
by Majromax 6y ago
> Sweden didn’t go into total lockdown but still did a lot.
Indeed; both Sweden (https://ycharts.com/indicators/sweden_unemployment_rate https://ycharts.com/indicators/sweden_unemployment_rate) and Norway (https://ycharts.com/indicators/norway_unemployment_rate https://ycharts.com/indicators/norway_unemployment_rate) have experienced anomalous increases in their unemployment rates that seem clearly linked to the pandemic.
If the article's thesis is correct that Sweden minimally-disrupted the status quo, then we would have expected to see little employment response.
- hiram112 6y agoThat would assume Sweden's economy is completely independent of its European neighbors and even the rest of the world. In 2020, that's not true at all. Even without Covid, recessions in the US or Germany or other large economic partners will cause problems for small countries like Sweden.
- Markoff 6y agotheir economy sure shrink less than many other EU economies assume there won't be any effect does not make sense in interconnected EU economies