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Geneva economy should grow this year

Wednesday, 30 June 2021 04:52

Pixabay

Economic forecasters are confident Geneva’s fortunes will improve throughout the course of the year and into 2022.

Predictions suggest the local economy will grow 4% this year - but that following a fall of 3% last year. The growth should continue into 2022, with GDP expected to grow 3%.

But there is one important caveat – the pandemic continues to improve. 

A study by the Geneva Chamber of Commerce says more than half of businesses have seen volumes drop by more than half – but there is optimism, nearly 39% of companies believe the next half of the year will be better, 

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