Handelsbanken: Sweden can afford to invest more
There is a risk of long-term economic consequences from the corona crisis in the form of high unemployment and social exclusion in Sweden, despite the huge measures that have already been taken.In its new macroeconomic report, Handelsbanken expects the Swedish government to increase emergency and stimulus measures to 4 percent of GDP, although public debt remains relatively low in international terms.“Both fiscal policy and monetary policy should be as expansionary as possible,” says the Bank’s Chief Economist, Christina Nyman.Many service sectors are in freefall and Sweden’s export-