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Reuters
Reuters
Business
By Simon Johnson

Analysis-Sweden's cost of living crisis spooks voters ahead of election

FILE PHOTO: People cast their ballots at a polling station at the central station as advance voting begins in Stockholm, Sweden August 24, 2022. Fredrik Sandberg/TT News Agency/via REUTERS/File Photo

With its robust welfare provisions and green energy mix, wealthy Sweden should be better placed than most countries in Europe to withstand the energy-driven cost of living crisis battering the continent.

But consumer worries over soaring electricity bills, rising interest rates and stalling economic growth mean the campaign for the general election on Sept. 11 has turned into something of a bidding war between the centre-left and right-wing blocs over which can do more to ease the short-term pain. That could entail long-term costs for the economy.

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