Economics
Switzerland Is Well-Placed to Weather the Bank Turmoil, Economists Say
- Big banks contributed 1.2% to Swiss economic output in 2020
- Switzerland benefits from low debt levels, strong currency
This article is for subscribers only.
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.
UBS Group AG’s hastily brokered takeover of Credit Suisse Group AG and the job cuts likely to follow are undoubtedly a blow for Swiss self-esteem as a global financial center, yet the wider economy looks well-placed to weather the fallout.