No Lockdown Sweden’s Economy Is Back, Too

Capital Economics, a macro consultancy, reported this month that some of their economic trackers for Sweden were almost back to pre-crisis level. They forecast Swedish full-year GDP growth of -1.5%, an astonishing feat in a world that otherwise paused for a few months. While overly optimistic (especially among contrarian voices), the same consultancy places Denmark and Norway at -3% for the year. The picture of Sweden as an economic success, all things considered, is slowly unfolding.