Sweden told people to open their hearts to immigrants 10 years ago. Its U-turn has been dramatic [CNBC]
JP Morgan Chase & Co. (JPM)
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Source: CNBC
But its center-right coalition government — which is propped up by the nationalist and right-wing Sweden Democrats party — has adopted an increasingly restrictive stance on immigration. The country is trumpeting its lower numbers of immigrants, but economists say the economic benefits are debatable, with growth and productivity among the factors to consider. Sweden is often viewed as a a liberal utopia in Europe and beyond, with the country of 10.5 million people known for its stable economy, high quality of life and open and progressive society. That reputation for acceptance and tolerance was manifest in 2014 when asylum seekers started to arrive en masse in Sweden and elsewhere in Europe from war-torn areas of the Middle East, particularly Syria. At the time, Sweden's then-Prime Minister Fredrik Reinfeldt implored citizens to “show tolerance,” telling the public : “I know that this will cause friction. I therefore call on the Swedish people to show patience and open their
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- 10/7/24 - Form 424B2
- 10/7/24 - Form 424B2
- JPM's page on the SEC website