‘Our findings suggest that you actually don’t lose that much extra spending for each extra life you save,’ the author of a new study says
A bar during the coronavirus pandemic in Stockholm, Sweden. Picture: REUTERS/COLM FULTON
Unlike elsewhere in Europe, Sweden did not go into lockdown, keeping shops, schools and restaurants open and relying on voluntary social distancing instead. While the strategy has resulted in a much higher mortality rate, researchers at the University of Copenhagen found that consumer spending in Sweden fell only four percentage points less than in neighbouring Denmark — 25% compared to 29%.
The findings suggest that consumer spending “will drop even absent a government intervention,” Sheridan said.
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