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Sweden’s Next Government Faces a Raft of Economic Challenges

  • Voters appeared to prefer opposition bloc as count underway
  • From energy to unemployment, the new cabinet has work to do
Bloomberg business news
WATCH: Sweden’s right-wing coalition looks set to take power. Niclas Rolander reports.Source: Bloomberg

Sweden is on the cusp of a power shift, casting aside the ruling Social Democrats in favor of a center-right opposition bloc as vote counting nears the finish line.

The tally currently shows a one-seat lead for a loose opposition bloc led by the Moderates’ Ulf Kristersson and including the nationalist Sweden Democrats, who have scored their best-ever result. Prime Minister Magdalena Andersson is yet to concede defeat. A conclusive result is expected Wednesday.