OT: Sweden’s economy grows in first quarter
There have been many controversial threads about Sweden’s policy of “lite lockdown” and the excess of death they have had compared to their Scandinavian neighbors.
Despite predictions that Sweden’s economy would suffer just the same, that actually did not transpire this far
Sweden’s economy actually grew 0.1% in the first quarter
https://www.cnbc.com/2020/05/29/coronavirus-swedens-gdp-actually-grew-in-the-first-quarter.html
By comparison, Norway’s economy contracted by 1.9% in Q1
Finland contracted 0.9%
https://yle.fi/uutiset/osasto/news/statistics_finland_economy_is_officially_in_recession/11375177
Denmark contracted 1.9%
Obviously, still way too early in the game to draw long term conclusions, but found it interesting given that many US states are about to go the route of Sweden whether they admit it or not.
Obviously, still way too early in the game to draw long term conclusions, but found it interesting given that many US states are about to go the route of Sweden whether they admit it or not.
I love that line. Bingo. The US Gov't overreacted. It will go down as an historic blunder. Some of us knew that in real time and others are coming around to that view. Better late than never. Just wait till people see the carnage manifest itself completely in a few months.
Bad times.are coming.
This, my friend, is why all politicians ask who said something before they comment on a quote. I've seen it many times, a reporter asking a politician to comment and reading a quote. And the politician won't comment until they hear whom the quote is from. It must be something taught in their grifters 101 class.
Yeah quite interesting. I wonder how surprised Swedes have been.
Everyday someone posts something about COVID-19 and there are 150+ comments going back and forth, fighting nonstop about what we’ve read, what we “know,” yada yada yada.
Everyday, sometimes multiple times a day. How are some of you guys not exhausted by this? I can’t be the only one exhausted by this!
Much like I try to support my favorite restaurants by ordering takeout and my local non-chain grocery store by shopping there, I like to post to mgoblog to support my favorite sports website to support it.
Any other aspects of Sweden's economic/social policy you'd like to adopt?
I vote meatballs
The real issue is the second quarter, not the first, and I would wager their economy will contract while still having a higher mortality rate than their European neighbors.
Any idea what the longterm value to the economy is of each Swedish death? What is the average age of death?
Go blondes!
Comparing the US and Sweden is like comparing hot dogs to pickled herring. (Food joke that probably won't land.)
But can you chop down the mightiest tree in the forest with a herring?
China virus
So Sweden caught more fish?
So Sweden caught more fish?
Good for them. Smart strategy from the beginning. They knew they couldn’t afford full on socialism economically especially with costs going up due to massive immigration.
Bully for Sweden. We ain’t Sweden.
Just look at what our infection and death rate numbers were and then try to imagine what they would have been without any shut downs
The big gap is going to happen in Q2, most countries did not start lock downs until mid March. I think you will see the biggest gap when the second quarter GDP numbers are released.
So all those lives are worth the difference between one quarter of moderate contraction and one quarter of no growth. Got it.
(Btw I'm a Swede.)
At the end of the last year I decided to try out forex trading, spent some time on https://forex-up.com/broker-reviews/fxpro-review/ , chose a decent broker and started investing money and God, the pandemic came and ruined all my forecasts. Somehow I managed to reduce the loss significantly but I am a single person, I just don't understand how the economy of a whole country managed to grow in such a tough period.