In the 21st century’s toughest test yet of governing, the Nordics stand out.

After almost a year of the pandemic, the region’s societal model has made it "the most promising” in charting a sustainable path out of the crisis, according to the World Economic Forum. HSBC says that superiority is down to generous social safety nets and high digitization.

It’s already clear that Denmark, Norway, Sweden and Finland have suffered a smaller economic setback during the COVID-19 crisis than the eurozone or the U.K.