OECD Economic Surveys: Switzerland 2017

The Swiss economy has shown considerable resilience to shocks, but economic growth remains slow, and per capita income levels still hover at levels attained before the global economic crisis. Further reforms are needed to restore productivity growth, boost incomes and ensure that today’s high living standards and levels of well-being are passed on to future generations, according to a new report from the OECD.

The 2017 OECD Economic Survey of Switzerland points out the limited scope for further use of unconventional monetary policy to support the Swiss economy. The Survey projects growth of 1.7% in 2018 and 1.8% in 2019. It lays out a range of policy options that could help Switzerland boost productivity, maintain its high-skilled workforce and manage the challenges posed by population ageing.

Website: OECD iLibrary http://www.oecd-ilibrary.org/

OECD: Economic Survey of Switzerland http://www.oecd.org/switzerland/economic-survey-switzerland.htm

OECD: Press Release, 14.11.17: Switzerland: Sustain high levels of well-being by boosting productivity growth http://www.oecd.org/switzerland/switzerland-sustain-high-levels-of-well-being-by-boosting-productivity-growth.htm

---