Total Active Cases
Sweden has taken a notably lax approach to dealing with Coronavirus, avoiding lockdowns and trying to act as if all were normal. However, this apparent indifference to the worldwide pandemic has born costs to Sweden's international reputation, and the economic benefits appear somewhat smaller than hoped.
Swedish citizens are being advised to avoid any trips to Estonia, Ireland, Latvia and Lithuania for another two weeks, until November 4, due to the high number of Coronavirus cases that are being registered for weeks now in these countries. The decision to extend the advice against non-essential travel to the three Baltic states and […]
As coronavirus cases potentially skyrocket this winter, mental health experts are anticipating a spike in people experiencing anxiety and depression. Already, some mental health providers are inundated with patients seeking treatment. "It takes a lot less get to tears, or get to frustration than it used to - you just don’t have the emotional bandwidth," said Lorelei Williams, who lives in Ballard. People told us Tuesday this pandemic has taken an emotional toll.
Sweden's top infectious disease expert Anders Tegnell clearly stated "it is not a lockdown." There will be no fines or legal consequences for people who don't follow social distancing recommendations. Yet many are reporting that Sweden "is moving away from its no-lockdown strategy." Why?
Look, I've always wanted to visit Sweden and its renowned art collection at the National Museum. So, when a travel agency in Kent said they could organise a weekend city break in Stockholm, I thought, "It's now or never." It was legal, as safe as anywhere - with the usual precautions - and it was reasonably priced.
The European Commission has approved, under EU state aid rules, two Swedish schemes to support companies affected by the coronavirus outbreak and related restrictive measures implemented to limit the spread of the coronavirus in May, June and July 2020. The first scheme, approved on the basis of Article 107(2)(b) of the Treaty on the Functioning […]
(Bloomberg) -- The Riksbank governor, Stefan Ingves, fears the economic outlook is deteriorating amid signs the coronavirus pandemic is tightening its grip across Europe, and ensnaring Sweden again too.“If you look at our forecasts, it will take a few years before GDP is back” at pre-crisis levels, Ingves said in an interview in Stockholm. “And those forecasts were done before the rather bleak situation that we are seeing in Europe today, so there’s reason to believe that the risks at the moment are skewed more to the downside.”Sweden has stood out for its hands-off strategy in tackling the Covid crisis. The country suffered a higher death rate than many other places in Europe, but had seemed a likely candidate for herd immunity. What’s more, its decision to avoid a lockdown appeared to shield the Swedish economy. However, recent figures show it hasn’t escaped the second wave of infections engulfing the rest of the region.The Riksbank’s latest economic forecasts for Sweden, published on Sept. 22, point to a 3.6% GDP drop this year, less than half the contraction predicted for the euro zone by the European Central Bank. The Riksbank kept its main interest rate at zero last month, and Ingves wants to rely more on asset purchases than rate cuts to support the economy.“Buying 45% of the outstanding stock of government bonds hasn’t been a problem,” the governor said, adding that the Riksbank “can buy a lot more” covered bonds, “and the same thing goes for municipal bonds.”Asked about the Riksbank’s decision to include corporate bonds in its purchases, Ingves said the size of the program means “there’s a lot of room left.”The corporate-bond program, launched this year after Sweden’s credit market temporarily froze, has drawn criticism from institutional investors who say the intervention is untimely and bad for pricing. Ingves has argued that the bank needs to expand its toolbox so that it’s prepared to act in case there’s another bout of market turmoil.But monetary policy shouldn’t be the only support mechanism, according to the governor.“We expect expansionary fiscal policy this year and next, which is reasonable given the circumstances,” he said. “Fiscal policy can assist with general demand, and the higher the demand is, the more likely it is that inflation will also rise. But the aim of fiscal policy is not to bring up inflation. That is our job.”What Bloomberg’s Economists Say...“Our high-frequency, activity tracker through Oct. 20 shows Swedish activity has slowed compared with other advanced economies in the past few weeks” -Johanna Jeansson. Read her SWEDEN INSIGHTDespite years of historically low interest rates, the Riksbank has failed to restore price growth to its 2% target. The inflation rate followed by the Riksbank was just 0.3% in September. Last week, Danske Bank’s chief economist said the central bank appears to have run out of options to revive inflation.“We have to live with the fact that it will take a couple of years before the inflation rate approaches 2% again,” Ingves said.(Updates with chart showing Covid-19 cases in Nordic countries)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
After more than six months coronavirus was first identified, scientists are yet to announce a vaccine that will prevent the spread of the deadly disease. But with almost a dozen candidates in the clinical trial phase, hopes are growing for that a vaccine will be available soon.
Countries across Europe are battling coronavirus infection spikes with new lockdowns, curfews, face mask orders and virus tracking smart phone apps. In a small indication of success, Spain's government said it won't extend a state of emergency in the Madrid region when it expires Saturday, but will look to more local measures. But as a resurgence of the global pandemic sweeps across the continent, local and national governments also are facing swelling opposition to the new measures. Britain's government on Tuesday said it will impose tough new measures on Greater Manchester, sparking anger from the region's mayor. In The Hague, bar and restaurant owners failed in a legal challenge to an order to close their doors for at least four weeks. An outcry in Portugal has forced authorities to back away from a plan to make a tracing app mandatory nationwide. Amid the public frustration, some countries are dangling a festive carrot in front of virus-weary populations, saying that tough action now could clear the way for an easing of measures before Christmas. German Chancellor Angela Merkel invoked the holiday period over the weekend and other countries are following suit. Merkel told her country: "What winter will be like, what our Christmas will be like, will be decided in these coming days and weeks." ___ SPAIN Health Minister Salvador Illa said Tuesday the government won't extend the state of emergency in the Madrid region when it expires Saturday, but it may begin introducing curfews at COVID-19 hotspots around the country. Illa said the partial lockdown in the Madrid area in recent weeks had helped put a lid on community transmission that made it one of Europe's most significant coronavirus clusters. He noted, however, that Madrid's number of cases is still...
Sweden is looking to ease restrictions for older people despite a rise in coronavirus cases, the architect of the country’s no-lockdown strategy said today. Anders Tegnell said he wanted over-70s to ‘live a bit more of a normal life’ after months of being told to avoid social contact and do their shopping online. Tegnell said […]
MADISON, Wis. — Wisconsin broke the record for new positive coronavirus cases on Friday for the third time in a week as a surge that began in early September shows no signs of abating. The state also hit record highs for daily deaths and hospitalizations this week as a third lawsuit was filed arguing that
JD Wetherspoon plunged to a £105 million loss for the year, as outspoken chairman Tim Martin launched a scathing attack on Government policy. The high street giant’s boss attacked ministers’ handling of the pandemic, as he blasted the use of masks and the 10pm curfew. The entrepreneur behind the popular chain is battling to keep the 870 bars alive – and 40,000 staff employed.
By The Associated Press WASHINGTON - The World Bank says it has approved $12 billion in financing to help developing countries buy and distribute coronavirus vaccines, tests and treatments. The bank says the aim is to support the vaccination of up to 1 billion people and to signal to researche
2/2 © . FILE PHOTO: Man wearing a face mask following the coronavirus disease (COVID-19) outbreak walks past a booth of Huawei at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing 2/2 BEIJING () – Sweden should adopt an objective attitude and address its wrong decision to avoid negative impact on […]
Early on in the pandemic, Sweden was slammed for being reckless, even by President Trump — refusing the lockdowns adopted by its Scandinavian neighbors and keeping most everything open. But with the ascendancy of the president's coronavirus adviser, Dr. Scott Atlas, herd immunity is getting another look.
The infants “almost certainly" would have benefited from on-site surgery, said one doctor. But because of state travel restrictions and the absence of their own cardiac center, the infants failed to receive treatment that could have saved their lives. “I shall leave it to you to imagine the profound effect of these deaths on the parents, their families and the dedicated medical and nursing staff dealing with these tragedies," said Dr. John Svigos, an obstetrician and gynecologist.
CANOE-KAYAK African Olympic canoe slalom qualifier in Basel, Switzerland from March 14-15 canceled. Pan American canoe slalom championships (Olympic qualifier) in Rio de Janeiro from April 3-5 canceled. Asian championships in Pattaya, Thailand from April 22-24 canceled. Asian Olympic canoe sprint qualifier in Pattaya, Thailand on April 26 cancelled. European Olympic canoe sprint qualifier in Racice, Czech Republic from May 6-7 canceled. Pan American championships in Curitiba, Brazil from May 7-10 canceled. World Cup canoe sprint (Olympic qualifier) in Racice, Czech Republic from May 8-10 canceled. European canoe slalom championships in London from May 15-17 moved to Prague from Sept. 18-20. World Cup canoe sprint (Olympic qualifier) in Duisburg, Germany from May 21-24 canceled. European canoe sprint championships in Bascov, Romania from June 4-7 postponed to Oct. 15-18 canceled. World Cup canoe slalom in Ivrea, Italy from June 5-7 canceled. World cup canoe slalom in Pau, France from June 12-14 postponed to Nov. 6-8. World Cup canoe slalom in Liptovský Mikuláš, Slovakia from Aug. 21-23 canceled. Super Cup canoe sprint in Oklahoma City from Aug. 22-23 canceled. World Cup canoe sprint in Szeged, Hungary from July 10-12 postponed to Sept. 23-27. World canoe marathon championships in Baerum, Norway from Aug. 27-30 canceled. World canoe polo championships in Rome from Sept. 8-13 postponed to April 2021. World Cup canoe slalom in Prague, Czech Republic from Sept. 18-20 postponed to Oct. 23-25. World Cup Final canoe slalom in Markkleeberg, Germany from Sept. 24-27 postponed to Oct. 15-18 canceled. World Cup canoe slalom in Markkleeberg, Germany from Oct. 15-18 moved to...
Last weekend, I hit everyone with my latest essay on the morals of the coronavirus, this time on the issue of whether it is morally justified to aim for herd immunity via infections, using the system of “focused protection” advocated by a group of epidemiologists in the “Great Barrington Declaration.” It provoked more than the usual feedback, which isn’t surprising. After all, this personally affects all of us.
SEATTLE (AP) — Physicians and scientists say genetic testing of a Seattle-area nursing home resident shows the man has been infected twice with the coronavirus. The man first contracted COVID-19 in March and spent more than 40 days in the hospital. The man, who is in his 60s, wasn’t as sick the second time and has since recovered. The testing revealed the illness caused by the coronavirus in July wasn’t a relapse but a new infection with a different variant of the virus.