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Switzerland: mild cyclical downturn

Author

Listed:
  • Oscar-Erich Kuntze

Abstract

Economic growth in Switzerland weakened last year at a rapid pace. Real GDP growth was probably only 1½%. The unemployment rate fell to an annual average of 1.8%, the lowest rate since the end of the 1980s. Inflation was weak at 1%. In 2002 a gradual expansion is expected. There will be little easing on the labour market: firms will increase staff levels and skilled labour will be in demand. Consumer prices will be about 1% higher than the 2001 level. In 2003 the economy will grow by nearly 2%. The labour market will remain exhausted on the whole, and prices will increase at a very moderate pace.

Suggested Citation

  • Oscar-Erich Kuntze, 2002. "Switzerland: mild cyclical downturn," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 55(01), pages 36-41, January.
    • Handle: RePEc:ces:ifosdt:v:55:y:2002:i:01:p:36-41
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    File URL: https://www.ifo.de/DocDL/ifosd_2002_1_5.pdf
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    Cited by:

    1. Straubhaar, Thomas & Werner, Heinz, 2003. "Arbeitsmarkt Schweiz - ein Erfolgsmodell? (Labour market Switzerland + a success model?)," Mitteilungen aus der Arbeitsmarkt- und Berufsforschung, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 36(1), pages 60-76.
    2. Straubhaar, Thomas & Werner, Heinz, 2003. "Arbeitsmarkt Schweiz - ein Erfolgsmodell? (Labour market Switzerland – a success model?)," Mitteilungen aus der Arbeitsmarkt- und Berufsforschung, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 36(1), pages 60-76.
    3. Straubhaar, Thomas & Werner, Heinz, 2003. "Arbeitsmarkt Schweiz - ein Erfolgsmodell? (Labour market Switzerland – a success model?)," Mitteilungen aus der Arbeitsmarkt- und Berufsforschung, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 36(1), pages 60-76.

    More about this item

    JEL classification:

    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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