Outlook brightens for Swiss economy in 2014

Switzerland’s economy is expected to show robust growth in 2014 with immigration responsible at least in part, say forecasters who only disagree on how great the expansion will be. Latest predictions range from an annual increase in GDP of 2.6 percent, as expected by economists at the Raiffeisen bank, to a more conservative two percent […]

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Swiss benefit financially from migration

Switzerland and Luxembourg are the countries whose tax coffers are most boosted by migrants, according to an Organisation for Economic Co-operation and Development (OECD) report. The 2013 International Migration Outlook found that migrants to Switzerland helped increase net state tax revenue by at least CHF6.5 billion ($7 billion). Using more generous calculation methods, this could […]

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Borderless EU: Financial crisis may force nations to limit immigration

So in October Porta Nova moved to Switzerland, where she quickly found work as a house cleaner in a country whose relatively healthy economy has made it a magnet for job-seekers from the European Union, particularly its distressed southern tier. “I can see no happy future for teachers in Portugal,” she said. Porta Nova was […]

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The federal government of Switzerland wants to keep a keen eye on immigration

The federal government of Switzerland wants to observe the impact of immigration and the development closer to study the impact it has on the society of Switzerland. The Federal Council has an interdepartmental steering group to closely watch the development regarding this. After weighing the pros and cons the federal government may decide on the […]

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Three sectors push trade surplus to new record

Despite a soaring franc and a troubled global economy, Switzerland registered a record trade surplus of 24.4 billion francs last year, the federal customs administration (EZV) says. Swiss foreign trade managed to withstand the headwinds, although momentum only picked up in the second half of the year, the EZV said in news release issued on […]

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