Country Forecast Switzerland Updater

  • ID: 2101437
  • October 2015
  • Region: Switzerland
  • 16 Pages
  • The Economist Intelligence Unit
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The October 18th general election returned a record performance for the right-wing Swiss People's Party (SVP), which won 29.4% of votes and 65 seats in the 200-seat lower parliamentary chamber, the National Council. It will remain the largest party in parliament. The vote signals a rightward shift in Swiss politics, although The Economist Intelligence Unit does not expect this to compromise political stability. Full results for the Council of States, the upper chamber, will be decided in November, when run-offs are held in 12 cantons.

Both the SVP and its key rival, the Social Democratic Party (SP), are present in the seven-member government, along with the Free Democratic Party (FDP), the Christian Democratic Party (CVP) and the smaller Conservative Democratic Party (BDP). The SVP will press to replace the BDP's representative with a second SVP councillor when parliament elects the next cabinet on December 9th.

Switzerland's relations with the EU will be strained by the SVP's greater influence in parliament and the success of a 2014 referendum on limiting immigration from the EU. The EU has dismissed the government's draft proposals for implementing the decision as irreconcilable with a bilateral agreement on the free movement of people. Six other bilateral accords with the EU (concerning mutual access to other key markets, public procurement and agriculture, as well as aspects such as technical barriers to trade and research) are now also at risk. However, the next Swiss government is likely to address the issue pragmatically. Former EU ambassador Jacques de Watteville has been appointed to negotiate with Brussels; talks will probably begin in early 2016.

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Country Forecast Switzerland Updater

Country forecast overview: Highlights

Country forecast overview: Key indicators

Country forecast overview: Business environment rankings

Country forecast overview: Switzerland's business environment at a glance
Policy towards private enterprise and competition
Policy towards foreign investment
Foreign trade and exchange controls
The labour market

Fact sheet

Outlook for 2015-19: Political stability

Outlook for 2015-19: Election watch

Outlook for 2015-19: International relations

Outlook for 2015-19: Policy trends

Outlook for 2015-19: Fiscal policy

Outlook for 2015-19: Monetary policy

Outlook for 2015-19: Economic growth

Outlook for 2015-19: Inflation

Outlook for 2015-19: Exchange rates

Outlook for 2015-19: External sector

Data summary: Global outlook

Data summary: Gross domestic product, current market prices

Data summary: Gross domestic product, at constant prices

Data summary: Growth and productivity

Data summary: Economic structure, income and market size

Data summary: Fiscal indicators

Data summary: Monetary indicators

Data summary: Employment, wages and prices

Data summary: Current account and terms of trade

Data summary: Foreign direct investment

Data sources and definitions
Global data
Domestic data

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