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Sweden Records Largest GDP Drop Since 1980, But Outperforms Many Other EU Countries

Read MorePeople walk in Stockholm on July 27, most without the face masks that have become common on the streets of many other countries as a method of fighting the spread of the coronavirus.

The coronavirus pandemic has taken a toll on Sweden’s economy. Despite the country’s relaxed response to the virus, its gross domestic product recorded the largest quarterly drop in modern history.

(Image credit: Jonathan Nackstrand/AFP via Getty Images)

The coronavirus pandemic has taken a toll on Sweden’s economy. Despite the country’s relaxed response to the virus, its gross domestic product recorded the largest quarterly drop in modern history.