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Saturday, April 1, 2023

Fundamental: Switzerland Well-Placed to Weather Bank Turmoil, Economists Say

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Alert Alert Apr 2, 2023, 5:30am
 
Fundamental: Switzerland Well-Placed to Weather Bank Turmoil, Economists Say
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. Low federal debt levels, the strength of the Swiss franc and a flexible labor market with comparatively little ...
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