More darkness than dawn
Article Abstract:
Switzerland's economic growth in terms of price-adjusted gross domestic product (GDP) is estimated to be in the region of 0.7%. The country's GDP, which is one of the lowest in Europe, reflects the country's continuing recession that was brought about by decreased construction activity, a decline in public investments and an increase in private spending of less than 0.3%. However, the country's economy is predicted to improve in 1998 due to the continuing weakening of the Swiss franc and the country's almost zero inflation rate.
Publication Name: SwissWORLD
Subject: Business, international
ISSN:
Year: 1997
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North of the border
Article Abstract:
Considerable numbers of Swiss consumers prefer to go shopping in Germany and other neighboring countries. This is due to the relative strength of the Swiss franc compared to other currencies and because of the higher prices of commodities in Switzerland. In Germany, grocery items are 40% to 60% cheaper and one Swiss franc is worth 1.35 when spent in Germany. Among the non-food items which are cheaper in Germany are furniture, gasoline, cigarettes, dental services and car repair bills.
Publication Name: SwissWORLD
Subject: Business, international
ISSN:
Year: 1999
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Small country with a lot of clout
Article Abstract:
Switzerland's international importance is disproportionate to its size. The country has a population of only seven million and a landmass that is merely half the size of the state of South Carolina. However, it is one of the wealthiest nations in the world in terms of per-capita income. The Swiss manufacturing and service sectors are both performing strongly. Many Swiss companies invest heavily overseas and are also attracting substantial foreign investment.
Publication Name: SwissWORLD
Subject: Business, international
ISSN:
Year: 1996
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