Coronavirus briefing: Sweden’s cases are still rocketing
Coronavirus briefing: Sweden’s cases are still rocketing

The epidemic

  • Globally recorded cases have continued to climb. There are signs that the overall increase in daily cases is slowing down in Europe. Deaths have continued to rise in many countries, however.
  • Cases seem to have peaked in Belgium and the Czech Republic, countries which have had the highest number of cases per capita.
  • In the US, daily cases continue to increase, and the number of people in hospitals is rising fast in many states. Deaths remain still quite stable.
  • In the Nordics, daily cases have continued to rise rapidly in Sweden. The increase in cases continues also in Denmark and Norway, while in Finland, cases continue to move sideways.
  • The number of people in hospitals has increased in Sweden and Denmark but remained relatively stable in Norway and Finland.
  • In the Baltics, Lithuania’s cases are still rocketing. Also, in Estonia and Latvia cases continue to increase. Deaths remain higher in Lithuania and Latvia than during the spring outbreak.

Policy

  • In Spain, in the northern regions of Castile and León, restaurants and bars will be closed.
  • Four Italian regions will go into partial lockdown from Friday.
  • Sweden expands new local restrictions to Halland, Örebrö, and Jönköping. In addition, there is a new recommendation for the whole of Sweden, according to which a maximum of eight people can sit at the same table in a restaurant.
  • Denmark will cull its entire herd of mink due to the risk of coronavirus mutations.
  • Lithuania’s government declared a three-week lockdown starting on 7 November.
  • According to UK research, T-cell response delivers coronavirus immunity after infection. This is an encouraging sign for vaccine development and avoiding reinfection.

Economic effects

  • Eurozone manufacturing PMI increased in October, but the downturn in the services sector continues. Composite PMI declined to 50, from 50.4 the previous month, suggesting no growth in GDP going into Q4.
  • In Norway, house prices rose by 1.1% m/m (s.a.) in October. Prices rose in all large cities, read more here


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


Sonja Liukkonen 
Junior Economist 
Swedbank AB (publ) 
FI-00100 Helsinki 
Phone: +358 400 98 21 59 
research.swedbank.se

 
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