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Tremendous Consumer Potential for Swiss Exporters
Emerging countries such as Brazil, Indonesia, India, and China are driving growth for global consumption. Two-thirds of the world's economic growth will originate from such countries in 2030.
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Swiss SMEs Face Up to the Swiss Franc Shock
The abolition of the euro minimum exchange rate by the SNB has also left its mark on the SME Export Indicator. The mood of the 200 companies surveyed has never been as bad as in the first quarter of 2015.
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Swiss Economy – Year(s) of Stagnation
Thanks to the robust situation of the global economy, Switzerland should be able to avoid a recession despite the franc shock. However, strong growth momentum is not to be expected, even in 2016.
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Return of the Real Estate Cycle
The Swiss franc shock and the negative interest rates have accelerated a development that had already emerged on the Swiss real estate market prior to the abandonment of the EUR/CHF minimum exchange rate. The strong inflow of capital is accelerating the trend towards an oversupply. The traditional real estate cycle is returning.
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What Can Swiss Industries Expect in 2015?
The end of the EUR/CHF exchange rate floor and subsequent appreciation of the Swiss franc are likely to head the agenda for many industries in 2015. The main losers will be hospitality, the mechanical and electrical engineering industries, and retail.