Swine Flu Detrimental to Economic Growth
Behind the estimated drop in GDP for 2009 is among other things an anticipated outbreak of Swine flu during the last quarter of 2009. An outbreak of the disease will make Swedes spend less - which in its turn will make the GDP drop by 0.5 percent during this period alone.
The prognosis is based on a scenario where every 10th Swede has to stay at home from work because of the flu during the last three months of the year.
“When you are home and unwell, or taking care of sick kids, you get less money in your pay cheque at the end of the month. That will certainly have an impact on expenditure,” says Kristian Nilsson, acting head of prognosis at the Institute to Swedish TV News.
People who are worried of catching the flu will also refrain from going to the theatre and restaurants, according to the prognosis.