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Swiss executives predict strong economic year in 2018

byCT Report
01/01/2018
in Uncategorized
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ZURICH: This is a marked rise from the same figures last year, when just one third of Swiss executives foresaw a strong performance.

The biggest risks cited by the managers were a possible crisis or breakup of the eurozone, the reform of corporate tax in Switzerland, and possible policies of the US government.

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The good mood is related mainly to surrounding conditions in Europe, said the newspaper, as well as the boost provided to exporters by the weakening of the overly-strong Swiss franc through 2017.

The knock-on effects for the real economy could be substantial: some 28% of survey respondents said that an improved overall situation would incentivise them to invest more, up 10 points on last year.

On job creation, however, there is less optimism: though fewer companies expect job cuts this year (17%), only one-third plan to create new positions.

 

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