From WSJopinion: If Sweden manages to bring the coronavirus under control without wrecking its economy, expect enthusiasm for the Swedish model to wane quickly among America’s pro-lockdown left
Progressive politicians love to wish that America’s economy could be more like Sweden’s. After Wednesday’s economic-data release there, we share the dream, albeit for different reasons.
The Nordic country suffered an 8.6% decline in GDP from April to June, which sounds bad until you remember the eurozone economy contracted 12.1% in the same span with some European countries doing much worse. The U.S. economy shrank nearly 10%, or 33% on an annual basis.
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