Posted Apr 29, 2020 by Martin Armstrong
Sweden is actually starting to benefit from the coronavirus lockdown in Europe. The restaurants are starting to fill as are hostels with Europeans traveling to Sweden just to be free to go to the spa, out to dinner, and try to enjoy life as normal. Sweden is experiencing what we may call Coronavirus Tourism. Sweden may begin to see its economy actually grow as tourism to Southern Europe will offer no alternative this year.
Even when we look at that currency from the ECB website, it reveals that the euro has been crashing against Sweden. So the refusal to lockdown in Sweden has not only proven that there was no material difference in stopping the virus, which is impossible, but it has contrasted the economy and shown it may be the only one to survive 2020.