Swiss economy: A recipe for resilience in the time of Covid
The global economy is still reeling from the Covid-19 pandemic and the resulting collapse in international trade. As a small export-oriented economy, Switzerland might seem especially vulnerable to this contagion – and yet its GDP is expected to decline by less than that of many industrialized nations. In a special issue of Infocus, EFG Senior Economist Gianluigi Mandruzzato takes the pulse of the Swiss economy and examines the reasons for its resilience.introduced negative rates back in 2014 and central banks in other countries – including Switzerland, Sweden and Hungary – having followed suit, the concept merits closer examination.
