To lockdown or not to lockdown?
Sweden kept its economy open, arguing that it was pointless to destroy the economy to prevent the virus from spreading. However, it now appears that the country will still suffer from weak economic growth. Why?
"Researchers at the University of Copenhagen gained access to credit data from Danske Bank, one of the largest in Scandinavia. They studied spending patterns from mid-March, when Denmark put the clamps on the economy, to early April. The pandemic prompted Danes to reduce their spending 29 percent in that period, the study