OECD Economic Surveys : Switzerland 2024 / OECD.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author, issuing body.

Language:

English

Subjects (All):

Switzerland--Economic conditions--Periodicals.

Switzerland.

Switzerland--Economic policy--Periodicals.

Physical Description:

1 online resource

Other Title:

OECD Economic Surveys

Place of Publication:

Paris : OECD Publishing, 2024.

Summary:

Switzerland has proved resilient through the pandemic, geopolitical turmoil and reverberations in energy markets. Unemployment and inflation are low, and living standards are among the highest in the OECD. This is reinforced by a dynamic market-based economy, highly skilled workforce and prudent macroeconomic policies. Yet, slowing growth amid continued price pressures pose challenges. A tight monetary policy is necessary to ensure that inflation remains durably within the central bank's target range. Although a broadly neutral fiscal stance is warranted in the short term, longer-term fiscal pressures call for structural reform to counter rising cost of ageing and to support the green transition. Stronger incentives and speedier approval processes are needed to effectively reduce greenhouse gas emissions. The labour market is strong and unemployment low. Yet, skills shortages are rising. Longer working lives, improved incentives for mothers to participate more intensively in the labour market and migration of skilled foreign workers can mitigate the shortages. Improving framework conditions and maintaining access to foreign markets, while refraining from trade restrictions and distortive industrial policies, will strengthen economic resilience. Strong domestic competition and a better business environment will further reinforce Switzerland's position as a global hub for business, investment and research.

Contents:

Foreword

Executive Summary

1 Ensuring resilient and sustainable growth

2 Macroeconomic developments and policy challenges

3 Tackling labour and skills shortages

4 Towards a decarbonised economy

5 Strengthening economic resilience within global value chains

Tables

Figures

Boxes.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-43661-8