Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Aug 23, 2021

Support for Sweden’s Ruling Party Drops to Pre-Pandemic Low

STOCKS IN THIS STORY
MSCI World
--
SAB Events & Governance Now Media Ltd.
--
Regency Investments Ltd.
--
Lawreshwar Polymers Ltd.
--

Social Democrats are the biggest losers of Sweden's political crisis this summer, a Sifo party preference poll published in Svenska Dagbladet shows. 

The Left Party gained 2.3 points in the poll to 11.9%, the highest level in 20 years.

Backing for the ruling party waned following the resignation of prime minister Stefan Lofven at the end of June. The Left Party initiated a vote of confidence against Lofven in a successful bid to stop liberalization of Sweden's rental system. 

Though the Social Democrats were able to cobble together a new minority government with the Greens, support for the party has dropped to the lowest since the pandemic erupted in March 2020. 

The shake-up also broke up the old government agreement and brought together the Moderate, Sweden Democrats, Christian Democrats and Liberal Party into an opposition coalition. 

If an election was held today, the opposition would be the biggest block with a support of 49.9% of polled voters, albeit the Liberal Party would not secure enough votes to pass the threshold for seats in the parliament. 

BREAKDOWN OF POLL RESULT VS JUNE:
  • Social Democrats 24.1% (25.8%)
  • Moderate Party 21.8% (22.4%)
  • Sweden Democrats 20.5% (20.2%)
  • Left Party 11.9% (9.6%)
  • Christian Democrats 4.9% (5.1%)
  • Center Party 8.6% (9.9%)
  • Green Party 4.2% (3.5%)
  • Liberals 2.7% (2.3%); continues to poll below the 4% threshold needed to win seats in parliament
  • NOTE: Sifo interviewed 5,357 people Aug. 9-19

READ: Swedish Party That Triggered Crisis Lays Out Budget Demands

©2021 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search