UBS On-Air: Paul Donovan Daily Audio 'Uncertainty'

The Swedish general election produced a finely balanced result - one or two seats separate the two main political blocs. The anti-immigration Sweden Democrats are the second largest party in parliament. Globally, structural change in the economy is likely to encourage the rise of ‘anti’ parties (parties that are partly or largely defined by being against something), as scapegoat economics is a seductively simple solution to the complexities of changing economics. This increases political uncertainty for markets.