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Country Forecast Switzerland Updater

  • ID: 2101437
  • July 2015
  • Region: Switzerland
  • 17 Pages
  • The Economist Intelligence Unit

The right-wing Swiss People's Party (SVP) remains the largest party in parliament despite a slight loss of support at the 2011 general election. Its main rival, the left-wing Social Democratic Party (SPS), is the second-largest party. Both are present in government, along with the Free Democratic Party (FDP), the Christian Democratic Party (CVP) and the smaller Conservative Democratic Party (BDP). The Economist Intelligence Unit expects the five-party governing coalition to serve its term through to late 2015, with the composition of the government unlikely to change at the October general election.

Government policy will focus on improving the business environment and implementing social security reforms to make public-sector financing more sustainable. Ongoing structural reform of the global financial system, heightened regulation and the gradual abolition of banking-secrecy legislation will present challenges to Switzerland's large financial sector. The phase-out of nuclear power will proceed gradually over the forecast period.

Switzerland's relations with the EU will be strained by 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. The government has suggested that a further vote on the issue of EU immigration will be held in late 2016 or early 2017.

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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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Note: Product cover images may vary from those shown


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