18 September 2015 – Weekly Swiss and global market roundup. Brought to you by Investec Switzerland. Swiss financial markets news Markets trend higher this week but look to give up gains on Friday after central banks again postpone rate changes… Read more. Swiss economic news The Swiss National Bank is still concerned about franc’s value […]
Swiss economic news
18 September 2015 Brought to you by Investec Switzerland. Swiss National Bank says franc still overvalued The Swiss National Bank kept interest rates at record lows and signaled the recent depreciation of the franc hasn’t diminished its willingness to intervene in currency markets if needed. The central bank, led by President Thomas Jordan, left its […]
Switzerland narrowly escapes recession. How serious is this?
Tribune de Genève. Today’s quarterly Swiss GDP growth statistics show 0.2% growth compared to the previous quarter narrowly missing two consecutive quarters of contraction, the official definition of a recession. The Tribune de Genève interviewed Andreas Höfert, the chief economist at UBS Wealth Management, ahead of today’s release of the latest quarterly GDP growth estimates […]
Switzerland – staring down the barrel of deflation
The recent rise in the Swiss franc is driving deflation in Switzerland. The prices of imported goods are declining and there is talk of reducing salaries in some corners. Deflation is bad for an economy, particularly for the heavily indebted – your mortgage remains the same even if your salary declines and Government debts increase […]
The Swiss introduce their version of a 35-hour week
On 27 January 2015 the Swiss government announced that Swiss companies could reduce their wage bills by cutting staff working hours and compensate them for the lost pay with partial unemployment benefits. The objective of the measure is to limit layoffs brought about by the rapid rise of the Swiss franc. Companies are required to […]
