Switzerland has a modern market economy. The nation’s GDP is anticipated to reach $672.4 billion by 2018, with modest growth over the next five years. The Swiss economy has been thriving and on a growth path since 2004. The strong growth of exports, high domestic consumption, and sound building investments due to low mortgage rates combined have led to the steady growth rate. Going forward, the economy is expected to gain momentum with the construction, mining, and manufacturing sectors expecting to ramp up their production by 2014.
Lucintel, a leading global Management Consulting and market research firm, has conducted a competitive analysis on the country and presents its findings in “Switzerland Country Analysis 2013-2018: An Evaluation of Political, Social, Economic, and Business Risk.” Surging domestic and global demand is anticipated to be a major driver of the nation’s economic growth during 2014-2018. Private consumption and investment will be driven by improvements in the labor market, increasing wages, and an accommodative monetary policy.
Lucintel’s report examines the various challenges faced by the economy. The real estate bubble is expected to pose a threat to the Switzerland’s financial sector. The risk is rising with increasing mortgage credit and real estate prices in the country, which are likely to have an adverse impact on the domestic-based banks and insurance companies. The country is struggling with deflationary pressures arising from the Euro debt crisis, which could have a significant impact on the overall economy.
The report highlights the major drivers of the industry. The automotive industry is developing environmentally friendly technology to protect the environment from air pollution by creating low carbon emitting engines. The Swiss biotechnology sector ranks among the top 10 biotech industries worldwide. It has become one of the global leaders in the development of biopharmaceuticals, vaccines, and red biotechnology.
The report provides an analysis of the economy of Switzerland. It includes an analysis of the macroeconomy of Switzerland, the nation’s political dynamic, as well as social and technological analyses. This report provides knowledge on leading industries and the emerging trends in the country.
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