Sweden’s economy shrank less than euro zone’s at height of pandemic

at the height of the pandemic even though its economy shrank by the most since the second World War, as the Scandinavian country appeared to benefit from its lighter-touch approach to coronavirus.

Gross domestic product in the second quarter fell 8.6 per cent compared with the previous three months, according to a flash estimate from Statistics published on Wednesday. But that was significantly better than the 12 per cent contraction experienced across the euro zone in the same period., which logged an 18 per cent contraction; the German economy shrank by about a tenth.

Sweden has been at the centre of a fierce international debate about the merits of locking down as a means of tackling the spread of the virus. It refused to follow the rest of Europe into a formal shutdown, keeping its schools, restaurants and borders open while urging people to work from home and keep a distance from each other.

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

British government delay in closing borders 'accelerated' spread of Covid-19, Westminster report findsA failure to quarantine travellers arriving in the UK in the early days of the pandemic “accelerated” the spread of Covid-19, a new report by the Commons Home Affairs Select Committee suggests. Johnson AWOL. Embarrassed by Jt Select Committee Covid Rpt? He should also be embarrassed by billions in taxpayer’s money pouring into mates’ pockets for his privatised pandemic. If you feel the CommonsPAC should look at this please consider a retweet and/or follow-back BojJob
Source: thejournal_ie - 🏆 32. / 50 Read more »

Covid-19 resulted in decrease of child welfare referrals to TuslaChild and Family Agency says pandemic had noticeable impact on ability to visit children at home
Source: IrishTimes - 🏆 3. / 98 Read more »