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Sweden acknowledges its no-lockdown COVID-19 strategy might have been a mistake

Victoria Craig Jun 3, 2020
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State epidemiologist Anders Tegnell of the Swedish Public Health Agency now says there was "potential for improvement" in the country's strategy to fight the pandemic. Jonathan Nackstrand/AFP via Getty Images
COVID-19

Sweden acknowledges its no-lockdown COVID-19 strategy might have been a mistake

Victoria Craig Jun 3, 2020
Heard on:
State epidemiologist Anders Tegnell of the Swedish Public Health Agency now says there was "potential for improvement" in the country's strategy to fight the pandemic. Jonathan Nackstrand/AFP via Getty Images
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Sweden captured attention for its relaxed approach to containing the spread of COVID-19 this year.

Social distancing was encouraged, but shops and restaurants stayed open, those younger than 16 continued to go to school and borders stayed open to European visitors.

That helped the economy continue to grow in the first quarter, unlike many other nations. But, with some data showing Sweden had the highest per capita death rate in the world last week, the architect of the country’s strategy says it might have been a mistake.

Sweden’s state epidemiologist Anders Tegnell said there is “potential for improvement” in the government’s no-lockdown strategy, suggesting a more effective policy might have been somewhere between what Sweden opted for and the strict restrictions other nations imposed.

Tegnell’s comments are an about-face: For months, he’s insisted his nation’s approach was more sustainable.

It has so far prevented the country from suffering the kind of deep economic blow other nation’s felt — Sweden’s economy grew 0.4% in the first quarter from a year ago, while the eurozone (which Sweden is not part of) contracted more than 3%.

Still, Robert Bergqvist, chief economist at SEB, says Sweden’s economic trajectory can be impacted by a number of factors.

“Exit policies in other countries in Europe — we are very dependent on exports. It also depends on recovery strategy,” Bergqvist said.

He said despite Tegnell’s comments, prospects of a lockdown now in Sweden are uncertain, and though public finances are strong, new restrictions would come with a price tag the country likely couldn’t afford.

COVID-19 Economy FAQs

What do vaccines mean for economic recovery?

COVID-19 is not going anywhere anytime soon, according to expert witnesses who testified at a recent hearing held by the Joint Economic Committee. Put simply, we can’t eradicate the virus because it infects other species, and there will also be folks who choose not to get the vaccine or don’t mount an immune response, according to Dr. Céline Gounder at NYU School of Medicine & Bellevue Hospital. “That means we can’t only rely on vaccination,” Gounder said. She said the four phases of recovering from the pandemic are ending the emergency, relaxing mitigation measures, getting to herd immunity and having long-term control.

Can businesses deny you entry if you don’t have a vaccine passport?

As more Americans get vaccinated against COVID-19 and the economy begins reopening, some businesses are requiring proof of vaccination to enter their premises. The concept of a vaccine passport has raised ethical questions about data privacy and potential discrimination against the unvaccinated. However, legal experts say businesses have the right to deny entrance to those who can’t show proof.

What do I need to know about tax season this year?

Glad you asked! We have a whole separate FAQ section on that. Some quick hits: The deadline has been extended from April 15 to May 17 for individuals. Also, millions of people received unemployment benefits in 2020 — up to $10,200 of which will now be tax-free for those with an adjusted gross income of less than $150,000. And, for those who filed before the American Rescue Plan passed, simply put, you do not need to file an amended return at the moment. Find answers to the rest of your questions here.

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