OREANDA-NEWS. The newspaper Financial Times writes that Sweden’s refusal of severe restrictive measures during the coronavirus pandemic did not produce tangible results.

The Swedish authorities, unlike other Scandinavian countries, just recommended restrictive measures and did not regulate them legally. The country took such a step to support the economy.

According to Christina Nyman, Chief Economist of Handelsbanken, Sweden may suffer from epidemic and crisis connected with it as much as the rest of Europe.

The fall in economic activity in the country was unprecedented, David Oxley, Senior Economist of Capital Economics, stated.

Sweden’s gross domestic product may decline by 7–10 % in the long run, Financial Times writes, citing Riksbank’s forecasts, and these are disastrous figures for the country.

At the same time, according to analysts, Sweden has some advantages over other European states, since they are just beginning to remove restrictions, and in Sweden the economic processes did not stop at all.