Market Research Report
Retail Banking in Sweden - Coronavirus (COVID-19) Sector Impact
|Published by||GlobalData||Product code||952725|
|Published||Content info||18 Pages
Delivery time: 1-2 business days
|Retail Banking in Sweden - Coronavirus (COVID-19) Sector Impact|
|Published: July 28, 2020||Content info: 18 Pages||
The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel Coronavirus a pandemic on March 11, 2020.
Fears surrounding the impact of COVID-19 have already significantly impacted the global economy, with most of the countries across the world registering contractions in their economic growth for the year to date. Many economists and institutions have cut their forecasts, with many experts predicting the onset of long-term recessionary environments.
Sweden's soft approach to lockdown and other government measures were able to reduce some of the worst effects of the pandemic, and a gradual recovery in the second half of 2020 is expected. Economic recovery is set to accelerate the turnaround of the banking industry.
This report focuses on the impact of the Coronavirus outbreak on the economy and the retail banking industry in Sweden. Based on our proprietary datasets, the snap shot provides a detailed comparison between pre-COVID-19 forecasts and revised forecasts of total mortgage, consumer, credit card loan balances as well as deposit balances in terms of value and growth rates. It also offers information on measures taken by the government to combat Coronavirus.