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15-January-2010
English, , 369kb
The global crisis will have a lasting impact on the Swiss economy. Despitethe recession, Switzerland has weathered the crisis better than otherOECD economies in part owing to exports in goods less sensitive to thebusiness cycle and resilient domestic credit markets, in part reflecting theabsence of a marked housing cycle. Swift intervention by the authorities tosupport the country’s largest bank also helped avoid an aggravation of
6-November-2007
English, , 326kb
A vigorous economic expansion has allowed Switzerland to emerge from a decade of weak economic growth. However, some of the factors fuelling the current upswing are likely to prove temporary, as manufacturing has benefited from currency depreciation and financial intermediation from a rebound in global and domestic capital market activity, which could be coming to an end. The recent large inflow of immigrants has the potential to make
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