Economists say Sweden's coronavirus approach probably wouldn't work elsewhere

Stockholm.
(Image credit: ANDERS WIKLUND/TT NEWS AGENCY/AFP via Getty Images)

Sweden has mostly defied critics in its coronavirus response. Schools, gyms, bars, and shops have remained open, and despite early concerns the lack of a full lockdown doesn't seem to have exacerbated the pandemic in the country beyond what was expected. Bloomberg notes the fatality rate as a share of the population is lower than most large, wealthy European countries, and Sweden's top epidemiologist Anders Tegnell — who is behind the more relaxed guidelines — said they're beginning to see a stabilized infection rate.

Tegnell set up the framework because he doesn't believe full-scale shutdowns make sense considering the virus isn't going to disappear anytime soon. He opted for a more "sustainable" approach that keeps economic life flowing while encouraging people to follow guidelines meant to slow the spread. Sweden's economy, therefore, is likely to contract a lot less than others. But economists at Goldman Sachs, Bloomberg reports, don't think it's wise for folks itching to end lockdowns elsewhere to point to Sweden as an example; the Scandinavian country may be particularly well-suited for its method.

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Tim O'Donnell

Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.