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Two faces of Europe in pandemic

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As the pandemic deepens and lockdowns spread, Europeans are saving more and growing increasingly pessimistic about the future. Only one country bucks the trend: Sweden. https://t.co/jvyAGhyGUU

A survey of European households showed they have largely become despondent about the future. Only Sweden has escaped this wave of pessimism. https://t.co/xKDQ4uvttG

One clue could be that Swedish workplaces never shut down, a stark contrast to the pandemic experienced by other Europeans. Ireland endured the longest lockdown. https://t.co/nrWE0NufXw

An important yardstick of confidence has been the rate of savings – the more uncertainty over the future, the more people save. https://t.co/4uEMiYCLo7

While people in other countries such as Ireland and Germany started hoarding more and more cash as the pandemic unfolded, Swedes kept saving at the same rate as usual. https://t.co/PIROMWOpWq

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Kirk Conole

I muse about geriatric psychology and long term care, the economy, or whatever else I care about. Pronouns him / his. Opinions are my own.

Geoffrey W. Lane

Information graphics from Thomson Reuters

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