Structural consumer shock: Sweden edition

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Via FTAlphaville:

Some European governments are beginning to take the first steps towards re-opening their economies. But without a vaccine and with many questions about coronavirus remaining unanswered, can we really expect activity to bounce back strongly?

Will visits to, say, cinemas quickly become a regular pastime once again? Or will all the focus on handwashing and social distancing have turned us into Howard Hughes — recluses terrified to venture out?

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.