2024

In a nod to Michelangelo's The Creation of Adam, a bionic hand touches a human hand

Artificial intelligence could drive economic recovery

(29.05.2024) The global economy has weathered cyclical fluctuations well, yet growth remains sluggish. In Switzerland, GDP is projected to rise by 1.1% in 2024, according to the OECD. However, artificial intelligence has the potential to revitalize productivity growth and accelerate innovation.
An email icon pierced by a hook

Cyberattacks are becoming more frequent and varied

(22.05.2024) Cyber threats represent a significant risk for Swiss businesses. In the second half of 2023, the Federal Office for Cybersecurity (OFCS) reported 30,331 cyber incidents, nearly double the cases reported during the same period in 2022 (16,951).
Cylindrical machines in a warehouse

Slowdown in foreign trade

(15.05.2024) The global economic downturn continues to impact international trade. In the first quarter of 2024, imports decreased by 1.9% and exports dropped by 0.8% compared to the final quarter of 2023, according to the Federal Office of Customs and Border Security (FOCB).
Chemistry symbols and a lab technician filling a test tube in the background

Record funding for Swiss biotechnology

(08.05.2024) The Swiss biotech industry showed remarkable resilience in 2023. The sector boasted a revenue of 7.3 billion francs, nearly half a billion more than in 2022 (+7.35%). Moreover, it raised a record-breaking sum of 2 billion francs (+50% year-on-year).
A man with his head down and five stacks of coins with a downward arrow

Record number of bankruptcies reported

(01.05.2024) The upward trajectory in bankruptcy filings persisted throughout 2023, marking a significant milestone. Nearly 15,500 companies closed their doors, reflecting a 2.9% increase compared to the previous year. This figure represents the highest ever recorded by the Federal Statistical Office (FSO).
The Swiss flag with a binary system and the term HACKED in green

Cybersecurity: a new priority for Swiss companies

(24.04.2024) Swiss companies have ramped up their efforts to combat cyber threats in 2024. According to PwC's Global Digital Trust Insights 2024 survey, safeguarding against cyber hacking now ranks as their top concern, with 65% of respondents highlighting it.
Two men talking in a factory

Global industry is weighing down Swiss SMEs

(17.04.2024) Economic recovery struggles persist in Switzerland. Raiffeisen's SME PMI dipped below the growth threshold in March 2024, with 47.9 points compared to February's 50.0. This downturn is largely attributed to decreased activity among industrial firms.
Banknotes under a small wooden house labeled "BANK"

Record results for Swiss banks

(10.04.2024) The Swiss financial sector successfully surmounted the economic challenges of 2023. According to the bank barometer from consulting firm Ernst and Young (EY), an overwhelming 96% of banks anticipate operational profit growth in 2024.
Gruppo di esperti della Confederazione per le previsioni congiunturali crescita risultati economici Svizzera settore terziario quarto trimestre 2023

Moderate growth for 2024

(03.04.2024) Switzerland's economic performance is projected to fall below the average in 2024. The Federal Expert Group on Business Cycles anticipates a GDP growth of 1.1%, adjusted for the impact of sporting events.
Electronic charts on a blue background.

Mixed results for Swiss fintech

(27.03.2024) Despite decreased investments within the sector, the number of companies engaged in financial technologies (fintech) grew last year. According to a study by the Lucerne University of Applied Sciences and Arts (HSLU), the industry saw an increase to 483 firms in 2023, marking a 10.5% rise compared to 2022.
A person taking measurements at a construction site.

Slight increase in employment in Q4 2023

(20.03.2024) The Swiss labor market saw growth in 2023. In Q4 2023, non-agricultural businesses had 5.488 million positions. This represents a 1.7% increase annually and a 0.4% increase quarterly, according to the Federal Statistical Office (FSO).
A glass building at night.

Business situation remains stable in February

(13.03.2024) The business situation in Switzerland has seen little change since autumn 2023. In February 2024, the Business Situation Indicator from the KOF Swiss Economic Institute stood at 14.0, which is 0.4 points higher than the previous month and 0.3 points higher than in October 2023.

Last modification 02.01.2024

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