(24.07.2024) Swiss manufacturing companies remain cautious about adopting artificial intelligence (AI). A study by ETH Zurich in collaboration with Swissmem, involving 208 companies, reveals that only 28% have developed a specific AI strategy.
(17.07.2024) Exporting SMEs are feeling optimistic again. The Switzerland Global Enterprise export expectations barometer climbed to 62.8 points in the second half of 2024, an increase of 11.2 points from the previous semester.
(10.07.2024) The outlook for the Swiss economy is looking up. In June 2024, the Swiss Economic Institute (KOF) at ETH Zurich’s Economic Barometer rose to 102.7 points, marking an increase of 0.5 points from the previous month, and remains above the long-term average.
(03.07.2024) The Swiss economy has moved up one spot in the global competitiveness rankings. Switzerland now holds the second position in the 2024 World Competitiveness Ranking by the IMD Business School in Lausanne, just behind Singapore and ahead of Denmark.
(26.06.2024) The forecast for the Swiss tourism sector is sunny: hotels are expected to record nearly 24.2 million overnight stays this season, an increase of 206,000 (+0.9%) compared to 2023, according to predictions by BAK Economics, commissioned by SECO.
(19.06.2024) Swiss senior executives are generally satisfied with the current economic situation. Although the business climate index from the Swiss Managers Survey is slightly lower than in 2023, it indicates significantly more optimistic short-term forecasts for 2024 compared to last year.
(12.06.2024) The Swiss government has drafted a bill to enhance corporate transparency. The aim is to establish a federal register that lists all beneficial owners of companies. Submitted to the Federal Assembly, the law is not expected to come into effect until 2026.
(05.06.2024) The machinery, electrical equipment, and metals sector faced a turbulent first quarter in 2024. According to the umbrella organization Swissmem, exports and overall industry revenue declined by 8.5% and 5.4% respectively, compared to the same period last year.
(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.
(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).
(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).
(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).
