What type of economy does switzerland have

With the recovery progressing, deflation pressures will fade, but inflation should remain well within the target range. The recovery offers an opportunity to improve active labour market policies and reskilling and facilitate resource reallocation to restore productivity growth, notably through lowering internal barriers to competition. Its population is healthier than in many countries and is well educated.

This contributes to high employment rates and narrow wage differentials. As a small open economy, Switzerland has benefited from the flow of ideas, people and capital.

The global financial crisis of and resulting economic downturn in stalled demand for Swiss exports and put Switzerland into a recession. During this period, the Swiss National Bank SNB implemented a zero-interest rate policy to boost the economy, as well as to prevent appreciation of the franc, and Switzerland's economy began to recover in The sovereign debt crises unfolding in neighboring euro-zone countries, however, coupled with economic instability in Russia and other Eastern European economies drove up demand for the Swiss franc by investors seeking a safehaven currency.

In many European countries, Switzerland introduced its economic practices, which enabled to increase the competitiveness.

The global crisis of passed through Switzerland as well in the course of which the SNB Swiss National Bank implemented a zero-interest-rate policy to boost economies and as a result of this policy in , the Swiss economy started to recover.

Moreover, it ranked number one in Global Competitiveness Report, which took place in Another important thing to mention about the Swiss economy is that this country spends about 16 billion CHF on research and development every year. Thus, in other words, we can surely say that Switzerland can be considered a safe paradise for businessmen. Swiss Economy: stable and competitive with low taxes. Company About Company F. Contact Terms and Conditions Blog.