Sweden Set for Contraction on Stricter Virus Restrictions

Sweden Set for Contraction on Stricter Virus Restrictions

Sweden finished 2020 on a stronger footing than most economists had forecast, helped by resilient consumer demand and a rebound in manufacturing. But Bloomberg Economics expects extended restrictions on public life to combat the new variant of Covid-19, forcing the economy to contract in the first quarter. And things could get even worse if Sweden fails to step up the pace of its vaccination program.

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