How the war in Iran is affecting Swiss consumers

Two months of war in Iran have triggered a global energy shock and knock-on effects, shutting textile factories in India, grounding planes in parts of Europe, and forcing energy rationing across southeast Asia. Switzerland has so far been relatively spared, but the crisis is beginning to bite. In Switzerland the economic fallout from the conflict, which began on February 28, has been indirect and gradual rather than abrupt. Still, Swiss households are increasingly under pressure from rising energy costs and the price of air travel. Switzerland imports around two‑thirds of its energy, leaving it highly exposed to global price swings, supply disruptions and inflationary pressures. Which household expenses have risen most? Fuel, heating oil and air travel have been hit hardest, according to Alexander Rathke, head of economic forecasts at the KOF Swiss Economic Institute. “These categories react quickly to geopolitical tensions, as they are closely tied to energy markets and ... Full story here Are you the author? Previous post See more for 3.) Swissinfo Business and Economy Next post
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