Economies that reopened sooner are not better off: Summers

May.22 — Lawrence H. Summers, former U.S. Treasury Secretary, looks at Sweden as an example of an economy that did not see any material benefit from keeping its businesses open through the outbreak. He also cautions that people’s fear to go shopping or dine in a restaurant could be a bigger threat to the economy than the lockdowns themselves.


In This Story: Sweden

Sweden is a Scandinavian nation with thousands of coastal islands and inland lakes, along with vast boreal forests and glaciated mountains. Its principal cities, eastern capital Stockholm and southwestern Gothenburg and Malmö, are all coastal. Stockholm is built on 14 islands. It has more than 50 bridges, as well as the medieval old town, Gamla Stan, royal palaces and museums such as open-air Skansen.

2 Recent Items: Sweden

Why no one smokes in sweden 1

Why No One Smokes In Sweden

Astronauts from Türkiye, Sweden and Italy launched to space station on latest chartered flight

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.