
Switzerland
On track towards economic normalcy by 2022
LOW RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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GDP |
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Population |
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Form of state | Confederation (but similar to a federal republic) | |
Head of government |
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Next elections | October 2023, legislative |

- Competitive high-income economy
- Sound political institutions
- Specialization in high-quality exports for which demand is relatively insensitive to exchange rate moves
- Healthy public finances
- Strong external position

- Overvalued CHF due to safe haven role
- Strong dependence on financial and export sectors
- Rising labor costs and stagnant productivity growth
- Financial sector’s exposure to real estate lending (around 85% of domestic assets are concentrated in mortgages)
- Unfavorable demographics
Trade structure by destination/origin
(% of total, 2020)
Exports | Rank | Imports |
---|---|---|
United States
23.0%
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1 |
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Germany
15.4%
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2 |
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China
5.5%
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3 |
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United Kingdom
5.3%
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4 |
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France
5.2%
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5 |
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Trade structure by product
(% of total, 2020)
Exports | Rank | Imports |
---|---|---|
Medicinal and pharmaceutical products
28.3%
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1 |
30.5%
Gold, non-monetary (excluding gold ores and concentrates)
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Gold, non-monetary (excluding gold ores and concentrates)
22.6%
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2 |
13.6%
Medicinal and pharmaceutical products
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Organic chemicals
7.2%
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3 |
6.8%
Miscellaneous manufactured articles, n.e.s.
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Miscellaneous manufactured articles, n.e.s.
5.9%
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4 |
5.1%
Road vehicles
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Photo apparatus, optical goods, watches and clocks
5.8%
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5 |
3.2%
Electrical machinery, apparatus and appliances, n.e.s.
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LATEST NEWS ABOUT SWITZERLAND
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06 July
The ECB is facing a “risk trilemma” in 2022 as its hawkish monetary policy pivot pushes the specter of fragmentation risk back into the limelight.
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25 March
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Russian dolls: unwrapping corporate (commodity) dependencies
22 March
If oil and energy prices, as well as non-energy commodity prices, remain high, the metals and power sectors are most at risk of a profitability shock.
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