Category Archive: 3.) Investec

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Swiss Inflation turns negative in 2020

2021-01-17

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2021-01-17

Dmitri Maruta
During 2020, average annual inflation was –0.7%, according to Switzerland’s Federal Statistical Office (FSO). In December 2020, Switzerland’s consumer price index (CPI) fell by 0.1% compared with November 2020. Compared to December 2019, prices in December 2020 were 0.8% lower. Annual inflation reached -0.7% across the full year.

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Company bankruptcies fell sharply in Switzerland in 2020

2021-01-09

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2021-01-09

Despite the economic impacts of the coronavirus, significantly fewer Swiss companies went bankrupt in 2020 than the year before, according to the business data company Bisnode.

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Large government budget deficit in 2021 for Switzerland

2020-12-17

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2020-12-17

On 16 December 2020, Switzerland’s Council of States, the nation’s upper house, accepted a 2021 budget deeply in the red following its acceptance last week by the National Council.

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Swiss economy to slide less than feared, according to new forecast

2020-10-19

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2020-10-19

An updated forecast published this week by the Switzerland’s federal government is less negative than forecasters feared in the middle of the year.

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Pandemic increases demand for second homes in Switzerland

2020-10-06

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2020-10-06

Demand for second homes has risen since restrictions related to coronavirus were loosened, according to real estate company Wüest Partner.

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Referendum: Swiss to vote on ending EU agreement

2020-09-17

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2020-09-17

On 27 September 2020, Swiss voters have many decisions to make. This time the list of votes includes decisions on fighter jets, hunting, tax deductions for child care and paternity leave. Probably the most important among them is a decision on whether to accept a proposal to end the EU agreement on the free movement of people between Switzerland and the bloc, known as the Limitation Initiative.

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Switzerland ranked 4th for economic come back, according to study

2020-09-15

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2020-09-15

A report published this week places Switzerland fourth on a list of countries best positioned to make an economic rebound after the coronavirus downturn. The analysis looks at overall health resilience, pre-existing structural strengths and weaknesses in 122 countries.

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Unemployment up in second quarter of 2020 in Switzerland

2020-08-24

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2020-08-24

Unemployment in Switzerland
Switzerland’s unemployment rate rose from 4.2% to 4.6% in the second quarter of 2020, according to a recent survey that measures unemployment more broadly than Switzerland’s official unemployment measure. The method used for these calculations is the one defined by the International Labour Organisation (ILO), which includes all available job seekers – ILO definition of unemployment.

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Swiss retail sales up 30 percent in May after COVID-19 measures eased

2020-07-05

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2020-07-05

Recently published figures show a overall jump of 30.2% in retail sales in May 2020 compared to April 2020. May’s rise of 30.2% follows falls of 6.5% in March and 13.7% in April.

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Swiss salaries rise faster than inflation for the first time in 2 years

2020-07-04

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2020-07-04

In 2019, Swiss salaries were on average of 0.9% higher than the year before. A nominal rise of +0.9% combined with low inflation of 0.4% delivered a real boost of 0.5% to someone earning an average salary in Switzerland.

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Swiss government forecasts 2021 deficit but no tax hikes

2020-07-03

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2020-07-03

The coronavirus is set to knock a CHF 1 billion hole in Switzerland’s federal budget for 2021, according to a press release. Without the virus the budget was CHF 2.2 billion in the black. Post virus the budget is now CHF 1 billion in the red. The virus is expected to add CHF 2.0 billion to next years spending. The extra money is earmarked for SARS-CoV-2 tests, business loan guarantees and support to the sports sector.

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Swiss National Bank forecasts deflation until 2022

2020-06-22

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2020-06-22

On 18 June 2020, the Swiss National Bank (SNB) said it would maintain its negative rate of interest (-0.75%) and remains willing to intervene more strongly in the foreign exchange market.

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Coronavirus: new cases stable with small rise in deaths in Switzerland

2020-06-14

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2020-06-14

In the seven days to 12 June 2020, the number of new SARS-CoV-2 infections recorded in Switzerland was 127. A similar number of new cases was recorded in the week before (108) and the week before that (121), according to Worldinfometer.com.

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Coronavirus: Switzerland plans to lift all restrictions on Schengen movement

2020-05-30

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2020-05-30

Switzerland’s Federal Council plans to lift all travel restrictions and re-establish free movement of persons across the Schengen area no later than 6 July 2020 and possibly as early as mid June, it announced today. If the epidemiological evolution allows, restrictions on entering, working and living in Switzerland will be lifted for all Schengen states from mid-June and no later than 6 July, said the government.

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Swisscom network experiencing problems

2020-05-27

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2020-05-27

Since 11:50 am on 26 May 2020, Swisscom’s mobile and landline networks have been experiencing problems. Landline and mobile network calls are currently impaired for business and private customers, according to Swisscom.

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EasyJet customer data hacked

2020-05-21

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2020-05-21

Yesterday, EasyJet announced that a “highly sophisticated” cyber-attack had affected around 9 million customers. The company said its “investigation found that the email address and travel details of approximately 9 million customers were accessed. These affected customers will be contacted in the next few days. If you are not contacted then your information has not been accessed.”  

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Coronavirus: anti-lockdown protests in Switzerland

2020-05-13

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2020-05-13

Over the weekend, hundreds rallied against lockdown measures across Switzerland in the cities of Bern, Zurich, Basel and St. Gallen. Anti-lockdown protesters in these cities flouted rules introduced in mid-March banning public groups of more than five people, designed to reduce the spread of the SARS-CoV-2 virus. The protestors consider the rules in breach of their fundamental rights.

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Most think Switzerland is reopening fast or too fast, according to survey

2020-05-12

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2020-05-12

A survey published on 7 May 2020, suggests only 36% of Swiss support the government’s calendar for reopening the country after the Covid-19 shutdown. 23% think the plan to reopen is too slow, while 42% think it is fast or too fast. However, 60% said they had confidence in the government.

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Coronavirus: new rules for Switzerland’s restaurants

2020-05-09

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2020-05-09

Restaurants in Switzerland will be able to reopen on Monday 11 May 2020. But they’ll need to follow strict rules that were published this week. The seven pages of detailed restaurant rules will make dining in the time of Covid-19 quite different to what we’re accustomed to.

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Swiss GDP set for worst fall in decades

2020-04-30

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2020-04-30

A team of economic experts working for the Swiss government forecasts a 6.7% fall in GDP and unemployment to rise to 3.9% in Switzerland in 2020. If these predictions prove right, it will be the biggest slump in economic activity since 1975.

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