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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.
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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.
This paper examines the heavily supported Swiss food and agriculture sector. It reviews some of the key features and trends in the sector and reveals its low relative labour productivity in international comparison.
The tax burden in Switzerland is low in international comparison, largely reflecting the substantial non-tax compulsory contributions towards the health and pension systems which are managed by private institutions. Taxation of personal income and labour earnings is relatively high, whereas the taxation of consumption is low.