MWBATL
Helluva Engineer
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Interesting discussion on Sweden and their approach to the chinese virus.
https://www.wsj.com/articles/weighing-swedens-coronavirus-model-11588631127?mod=opinion_lead_pos1
The points that really caught my eye were:
Mr. Tengell said the Swedish model assumes Covid-19 won’t be disappearing, and he has some support in unlikely quarters. “If we are to reach a new normal, in many ways Sweden represents a future model,” said World Health Organization official Michael Ryan last week. “If we wish to get back to a society in which we don’t have lockdowns, then society may need to adapt for a medium or potentially a longer period of time.”
Sweden, deeply intertwined in the global economy, unfortunately shows that some pandemic-caused economic pain is inevitable. The country’s central bank predicts gross domestic product will contract 6.9% or 9.7% in 2020, depending on how long the virus lingers. Its neighbors expect similar numbers. Unemployment could rise to 8.8% or 10.1%, up from 7.2% today. The Swedish hope is that its economy may pick up faster after its less damaging restrictions are lifted.
No one knows which mitigation strategy will save the most lives while doing the least economic harm. But the rush to condemn Sweden isn’t helpful. American governors should study the Swedish model as they begin relaxing statewide lockdowns.
https://www.wsj.com/articles/weighing-swedens-coronavirus-model-11588631127?mod=opinion_lead_pos1
The points that really caught my eye were:
Mr. Tengell said the Swedish model assumes Covid-19 won’t be disappearing, and he has some support in unlikely quarters. “If we are to reach a new normal, in many ways Sweden represents a future model,” said World Health Organization official Michael Ryan last week. “If we wish to get back to a society in which we don’t have lockdowns, then society may need to adapt for a medium or potentially a longer period of time.”
Sweden, deeply intertwined in the global economy, unfortunately shows that some pandemic-caused economic pain is inevitable. The country’s central bank predicts gross domestic product will contract 6.9% or 9.7% in 2020, depending on how long the virus lingers. Its neighbors expect similar numbers. Unemployment could rise to 8.8% or 10.1%, up from 7.2% today. The Swedish hope is that its economy may pick up faster after its less damaging restrictions are lifted.
No one knows which mitigation strategy will save the most lives while doing the least economic harm. But the rush to condemn Sweden isn’t helpful. American governors should study the Swedish model as they begin relaxing statewide lockdowns.