Breakfast Show 6:30am - 10:00am

Listen Live

Search

Business confidence subdued

Wednesday, 5 October 2022 06:30

Pixabay

Economic sentiment is turning sour in Switzerland.

In a survey by Deloitte, Chief Financial Officers say they are more worried about the situation now than they were six months ago. 

Then, 22% of business leaders said they expect growth to slow – now it’s 37%. 

But the authors stress that while this is a concern, it doesn’t mean a collapse in confidence. 

The main worries are the current geopolitical situation, inflation, energy prices and supply chains. 

Businesses expect interest rates in Switzerland to rise a further 1.3% over the next 12 months, but inflation is expected to settle at around 2.4% in 2 years time. 

Share

More from Bitesize News

  • Geneva could foot the G7 bill

    Geneva fears it will be left with the security bill from a G7 summit just across the border in Évian, according to 24 heures.

  • US NGO discovers Swiss child abuse cases

    Switzerland relies too heavily on an American NGO to detect child sexual abuse online, raising questions about the country's ability to protect children on its own.

  • French singer banned by Paleo

    The Paléo Festival in Nyon says it will no longer invite French singer Patrick Bruel, after a former volunteer accused him of inappropriate behaviour.

  • Cars going uninspected

    The cantons are struggling to keep up with mandatory vehicle inspections, leaving more than 550,000 checks overdue nationwide.

  • War may lead to rent rises

    Rents may rise again, says the bank Raiffeisen.

  • Not a heatwave, yet

    Summer has arrived, with temperatures climbing past 30 over the long weekend. Basel reached 31 and Sion hit 32.4, but MeteoSwiss, says this does not yet count as an official heatwave.

Follow WRS

Download our app

  • Available on the App Store
  • Available on Google Play