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The Swiss economy has shown remarkable resilience in recent years in the face of the 2009 financial crisis and significant currency appreciation in 2015. But the upward momentum in the recovery has been difficult to maintain and GDP per capita has plateaued since 2008.
The Swiss economy has shown considerable resilience to shocks, but economic growth remains slow, and per capita income levels still hover at levels attained before the global economic crisis. Further reforms are needed to restore productivity growth, boost incomes and ensure that today’s high living standards and levels of well-being are passed on to future generations, according to a new report from the OECD.
The Swiss economy has shown remarkable resilience in recent years in the face of the 2009 financial crisis and significant currency appreciation in 2015.
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This country note from Going for Growth 2017 for Switzerland identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
Despite having low government spending, Switzerland scores highly in various public policy outcomes, including health, education and transportation. But, as the population grows and ages, efficiency of public spending will have to rise to maintain low tax rates.
High house prices are being supported by very low interest rates, immigration-fuelled population growth and smaller family units, while demand is being bolstered by mortgage interest tax deductibility and institutional investors.
Switzerland’s recent economic performance has been impressive, but with growth now slowing new reforms will be necessary to maintain high levels of prosperity and ensure future well-being, according to the latest OECD Economic Survey of Switzerland.
English, PDF, 98kb
This country note from Going for Growth 2015 for Switzerland identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
Africa has made significant progress in recent years but important challenges to African development remain that we can break down into three linked areas. Let’s call them the “three i’s”: interconnectedness, investment, and inclusiveness.
Swiss women are now as well educated as their male counterparts. However, progress remains to be made in the job market where both the supply and price of female labour are below that of men.