(MENAFN – Swissinfo) After a weak begin to the yr, Switzerland’s financial system ought to recuperate quickly from a heavy coronavirus-driven hunch to develop by three% in 2021, the federal government stated on Thursday.
This content material was revealed on March 11, 2021 – 11:42 March 11, 2021 – 11:42 SECO/Reuters/sb See in different languages: three
Suiza espera una rápida recuperación económica en 2021
Governo suíço espera rápida recuperação econômica em 2021
الحكومة السويسرية تتوقع انتعاشا اقتصاديا سريعا هذا العام
Gross home product will fall ‘considerably’ within the first quarter of this yr, after Covid-19 restrictions final December, the State Secretariat for Financial Affairs (Seco) stated in a statementExternal hyperlink .
However the financial scenario ought to decide up shortly if the pandemic scenario in Switzerland evolves positively.
‘Ought to the epidemiological improvement permit the gradual easing of coronavirus measures as supposed, the home financial system ought to recuperate in a short time,’ Seco stated.
‘Numerous shopper alternatives that have been largely unavailable within the winter months would re-emerge and result in turnover rising once more within the affected sectors. On the identical time, rising world demand is ready to spice up exports.’
Unemployment is predicted to fall regularly and attain an annual common of three.three % for 2021.
Switzerland’s financial system shrank 2.9% final yr on account of Covid-19, the worst annual contraction for the reason that aftermath of the oil disaster in 1975. However official figures confirmed that the second wave within the autumn had a much less dangerous impact, with the financial system rising 7.6% within the third quarter earlier than slowing to +zero.three% within the final three months of the yr.
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