SWEDEN

摘要

The economic pain was limited in Q1 as GDP declined by -0.3% (q-o-q). A much gloomier scenario is probable for Q2 as business activity was weakened by broken supply chains and a sizeable drop-off in export demand. The government has opted for a less-stringent strategy of virus containment than neighbouring countries-partly helped by lower population density - yet cautious consumer behaviour may weigh on retail and services sectors, leaving the economy on course for a -5.7% downturn in 2020. The Riksbank left policy unchanged on April 28, continuing its focus on credit supply to limit strains on the economy.