SEB:Nordic Outlook: Unprecedented halt, despite record stimulus
Press releaseStockholm, May 6, 2020 Nordic Outlook: Unprecedented halt, despite record stimulus Sweden: Smaller decline in GDP due to gentler lockdown strategy The COVID-19 pandemic has brought the world economy to an unprecedented halt. Record-sized government and central bank stimulus measures will have their main impact only after a delay. This autumn, unemployment will climb to levels not seen since the 1930s. According to the main scenario in SEB’s new Nordic Outlook forecast, GDP in the developed countries will shrink by 7 per cent in 2020, followed by an upturn of 5 per