Coronavirus briefing: Sweden’s deaths per capita remain high
Coronavirus briefing: Sweden’s deaths per capita remain high

The epidemic

  • Daily cases remained stable in Europe. The increase in cases in France was related to a methodology change and daily cases there have now stabilised.
  • Both new cases and deaths have stabilised in the US, showing slow progress, although a methodology change in Massachusetts has added to the figures.
  • While daily cases have declined in large European countries, they have increased in Sweden, and Sweden’s daily deaths per capita are again the highest in Europe. Swedish daily cases trend declined slightly in sideways development, while data on coronavirus patients in hospitals and intensive care remained stable. 

Policy

  • Germany will lift its general travel warning to Europe and replace it by country specific information.
  • Pakistan has lifted almost all the restrictions despite continued rapid case growth. The prime minister urged citizens to follow safety guidelines.
  • South Korea will require all visitors in bars, night clubs, concert venues, and gym classes to use an app to register with QR codes for tracking purposes.
  • As the first large European country, France launched a voluntary coronavirus tracking app based on Bluetooth signals to be used to limit contagion as restaurants and cafes were reopened.
  • The Swedish state epidemiologist commented that at hindsight, it would have been better for Sweden to implement more restrictions and earlier.
  • The Finnish government announced an extra budget of 5.5 bn EUR with support to municipalities and funding for transport development, especially railways and trams, as well as more study places in universities. The government commits to following its climate goals in stimulus.

Economic effects

  • Chinese Caixin services PMI rose more than expected from 44.4 to 55.0 in May. Both official and Caixin PMI figures are now at levels indicating growth for both services and industry.
  • Swedish card transaction data shows muted but stable spending, read more here.
  • Swedish PMI rose from 39.0 to 40.9 in May, indicating that the decline in activity has slowed down. New orders accounted for the largest increase. 


PDF-Document Read the full analysis/report here (pdf)



Maija Kaartinen 
Economist 
Swedbank AB (publ) 
SE-105 34 Stockholm 
Phone: +46 8 700 92 73 
research.swedbank.se 


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