Category Archive: 3.) Investec

Marked economic slowdown on horizon in Switzerland

On 20 September 2022, government forecasters announced downgraded expectations for GDP growth in Switzerland. A group of experts focused on predicting business cycles downgraded expected GDP growth to 2.0% in 2022 and to 1.1% in 2023.

Read More »

38% of Swiss speak more than one language at work

In many places one language is all that is required at work. In Switzerland, 37.7% of workers surveyed reported regularly using two or more languages at work, according to data published by the Federal Statistical Office on 6 September 2022.

Read More »

Swiss GDP growth jumps in 2021

Switzerland’s Gross domestic product (GDP) grew 4.2% in 2021, according to recently released data by Switzerland’s Federal Statistical Office (FSO). The increase follows a decrease of -2.4% in 2020, a year marking the beginning of the Covid-19 pandemic. 

Read More »

No money likely from Swiss National Bank after large loss

Like most central banks the Swiss National Bank (SNB) is tasked with monetary stability. However, in the process it can inadvertently generate large profits and losses.

Read More »

Nearly 1 in 6 lives in a household with outstanding debts in Switzerland

Even before high inflation hit people’s pockets many Swiss households were over extended. In 2020, almost one in six residents lived in a household with debt arrears, according to data released this week by the Federal Statistical Office (FSO).

Read More »

Swiss debt enforcement offices aiding money laundering

In Switzerland, it is possible to pay delinquent debts with large sums of cash. Some criminals are using the loophole to launder money, reports Le Matin.

Read More »

Swiss franc worth more than the euro

This week, the Swiss franc rose to beyond parity with the euro as traders sought safe haven assets as concerns about risks to global growth grew.

Read More »

Swiss government prepares for electricity price shock

Switzerland’s leaders are concerned by the current volatility of electricity prices and have started planning for a potential disaster scenario, reported RTS. Photo by Pok Rie on Pexels.comThe war in Ukraine has impacted energy provision across Europe, said Swiss energy minister Simonetta Sommaruga on Thursday. Price movements have reached historical levels and could worsen if gas supplies from Russia stop. If the price of gas spikes, some...

Read More »

Swiss exports reach all-time high

Data published on 17 March 2022 showed a 15.4% jump in Swiss exports in February 2022. The sharp rise in exports when combined with a 2.9% fall in imports led to a monthly trade balance of CHF 5.7 million. This is the first time in history that Switzerland’s monthly trade balance has exceeded CHF 5 million.

Read More »

Prices of dairy products set to rise in Switzerland

Dairy prices are rising globally. Higher global prices are expected to trigger price rises in Switzerland as local dairy farmers follow the global trend, reported 20 Minutes. © Erix2005 | Dreamstime.comSince the beginning of the year, the price of a tonne of dried milk has risen by around 16% to US$ 4,503, according to the website Global Dairy Trade. Contracts dated March 2022 are priced slightly higher at US$ 4,510. Between 4 January and 15...

Read More »

Swiss employment reaches new record

Data published this week by Switzerland’s Federal Statistical Office (FSO) show that the number of active workers in Switzerland rose to a record 5.239 million by the end of 2021. Photo by Lex Photography on Pexels.comThe number of people employed at the end of 2021 was 1.9% higher than at the end of 2020. 5.239 million represents around 73% of those 15 or older. Sharp rise in hotel and restaurant jobs The number of people...

Read More »

Switzerland remains in top 10 for lowest corruption

Switzerland was ranked tenth in the latest 2021 Corruption Perception Index (CPI) published by Transparency International this week.

Read More »

Price of wood pellets rises sharply in Switzerland

The price of wood pellets in Switzerland is up 20% over the last 12 months, according to Patrick Schmutz, a wood pellet expert, reports RTS. According toSchmutz, the price rise is due to a cold 12 months, especially last spring, and the success of wood pellet heating. More and more pellet-based heating systems are being installed in Switzerland.

Read More »

Cost of Swiss postage hiked for first time in 18 years

From 1 January 2022, the cost of posting a standard letter for next day delivery (A-class) is 10% higher and a B-class letter 6% higher. These price hikes are the first of their kind in 18 years, reported RTS.

Read More »

Switzerland’s fastest and slowest growth cantons

This week, Switzerland’s Federal Statistical Office published the latest cantonal GDP figures. Switzerland’s overall GDP growth in 2019 was 1.2%. However there were wide cantonal differences.

Read More »

Switzerland remains top place for expats in 2021

Switzerland is the highest rated country in the latest HSBC expat ranking published this week, a position held for the last three years.

Read More »

Geo-blocking set to be banned in Switzerland

Geo-blocking is the practice of pushing online shoppers to a version of a website based on their geographic location. Many consumers would like to see the practice made illegal and Swiss laws look set to make it so, according to the NZZ am Sonntag, reported Le Matin.

Read More »

Nespresso capsules cannot be protected, says highest Swiss court

The shape of the Nespresso coffee capsules is ordinary and unmemorable, according to Switzerland’s highest court, reported RTS.

Read More »

Vote to increase Swiss retirement age clears signature hurdle

The youth chapter of the PLR (FDP) has successfully collected enough signatures for an initiative to raise the official retirement age in Switzerland to 66 years old, reported RTS. On 16 July 2021, initiative organisers submitted 145,000 voter signatures as part of the formal process of launching a referendum in Switzerland.

Read More »

How the Swiss Government gets Paid to Borrow

Normally, those who borrow must pay out more money than they are lent in the form of interest and repayments. Currently, for the Swiss government it is the other way around. Lenders are paying the Swiss federal government to give it money.

Read More »