Switzerland to face difficult years

Facing threat of recession, an energy supply squeeze and the eroding effect of inflation on purchasing power

GENEVA:

The threat of recession in the euro zone and beyond, an energy supply squeeze and the eroding effect of inflation on purchasing power mean Switzerland faces difficult years ahead, Justice Minister Karin Keller-Sutter told the Neue Zuercher Zeitung newspaper. “I consider this mixed situation to be very difficult,” she said in comments published on Saturday. “We will feel this in Switzerland too. Economically difficult years await us.” Keller-Sutter sits on the seven-member executive Federal Council. In September, the Swiss government significantly cut its economic growth forecasts, citing growing risks from a “tense energy situation and sharp price increases”.

Published in The Express Tribune, November 6^th, 2022.

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