Hessius Warns Against Long Term Effects of COVID19 Uncertainty


Stockholm (NordSIP) – In an opinion article for Svenska Dagbladet, Kerstin Hessius, CEO of AP3, warned against the economic destruction that the Coronavirus will unleash on the world.

She warns that despite the good motivations behind the prevention measures that have been taken to limit hospital overcrowding, the global economic consequences may spin out of control.

According to the CEO of the Swedish public pension fund, the focus should be on understanding and communicating the short-term nature of the measures being implemented across the world, to mitigate long term economic risks.

To avoid a deep recession, the CEO of AP3 suggests that the best course of action is to identify the measures that are most relevant to limiting the burden on healthcare and with the least negative consequences for the public and the world economy.

- Promotion -

“We must soon put an end to the actual disaster we are in, which is even worse than the potential that we are trying to avoid,” she concludes.

Image courtesy of AP3

NordSIP Insights

Vulcan Makes Zero Carbon Transportation Possible

A global shift in capital allocations is underway. Trillions of dollars are flowing into sustainable or green investments, as the ‘environmental, social and governance’...

Most read this week

Wanted: Visionary Leaders and a Green Marshall Plan

by Matthew Smith, Head of Sustainable Investments, Storebrand Asset Management Over the last couple of weeks, countries around the world have deliberately reduced social and...