Swiss regional studies: new study on the Canton of Ticino

As a bank with deep roots in Switzerland, we believe it is important to have a thorough understanding of the country's individual regions and cantons. The aim of our regional studies is to make an active contribution to the debate on the future of our regional economies. Our latest regional study is dedicated to the canton of Ticino and its regions.

Recently published: Regional study on the Canton of Ticino 2022

In the middle of the last decade, the Ticino economy suffered a setback. The abolition of the EUR/CHF exchange rate floor, the downsizing of the financial center, the initiative on secondary residences and, more recently, the coronavirus pandemic have weighed on economic activity and employment. The malaise has also been felt at the demographic level, with several years of declining population. Meanwhile, employment has regained its pre-pandemic level in Ticino and unemployment is currently below the 2019 levels. First data on the recent evolution of the population also indicate a recovery in population growth thanks to a positive migration balance. The strong diversification of the cantonal economy is proving to be an advantage in emerging from this difficult period. The growing orientation towards activities with high level of value added can form the basis for the future development of the canton.


Regional study French-speaking Switzerland 2022

The regions of French-speaking Switzerland are characterized by major geographical and economic diversity. Overall, French-speaking Switzerland has developed at a highly dynamic rate over the past decade – as illustrated by the fact that growth in GDP, employment, and population is above the Swiss average. Current indicators show that firms in French-speaking Switzerland have generally emerged from the COVID-19 crisis in good shape. The number of job vacancies reached its highest ever level at the start of 2022. Indeed, hiring problems are increasing, although French-speaking Switzerland does not seem to be as strongly affected by labor shortages as other parts of the country. In particular, the local labor market benefits from the region's age structure – in other words, a relatively young population. The fact that many regions of French-speaking Switzerland are, from a financial perspective, very attractive places to live – especially for families – also plays a role.