Sweden entered the pandemic with substantial buffers and suffered a relatively shallow recession in 2020. The decline in output was moderated by substantial income and liquidity support as well as structural features of the economy. Sweden’s initial less stringent containment strategy seems to have altered the timing of the economic fallout, which intensified towards the middle of the year. This fallout has particularly impacted the youth and foreign-born. Economic recovery is projected over the next two years, but uncertainty has increased due to the new strains of the virus and slow vaccination.
This Selected Issues paper and Statistical Appendix presents a set of generational accounts to contribute to the assessment of France’s long-term fiscal position. The generational accounting framework is outlined, followed by a discussion of its major limitations. The specific case of France, including the construction of the accounts, a discussion of key parameters used, and the main findings are presented. The paper places France’s generational policy in an international perspective. The lifetime net tax payments of current adults are calculated and compared with those of younger living generations.