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The OECD has raised its growth forecast for the Swiss economy, predicting a GDP increase of 1.3% for this year and 1.5% for 2025, up from previous estimates. The growth is expected to be driven by a recovery in private consumption and rising employment, despite potential risks from international economic conditions. Long-term structural reforms are recommended to address demographic challenges and accelerate the transition to green energy.
The OECD has indicated that UK Chancellor Rachel Reeves must implement further tax increases to ensure sustainable public finances. Following significant tax hikes and borrowing in her October budget, the organization emphasized the need for a prudent fiscal policy to prepare for potential economic shocks, such as rising energy prices and trade tensions.
The global economy is facing increasing risks, including trade tensions, wars, and debt issues, which could jeopardize its recent stability, according to the OECD. As Donald Trump prepares to take office, the organization acknowledges the past years of steady growth and declining inflation but warns of potential threats ahead.
The recent climate finance deal reached in Baku has been criticized for failing to address the urgent needs of developing nations, lacking ambitious goals to limit global warming, and excluding major polluters like the US and China from mandatory contributions. Critics argue that the agreement perpetuates a cycle of debt for vulnerable countries while rich nations evade their financial responsibilities, leading to a significant setback in global climate action. The influence of fossil fuel lobbyists at the summit further diluted commitments, leaving many delegates feeling betrayed.
The right-wing government is accused of undermining the NHS to benefit private healthcare, leaving millions without adequate care. Critics highlight a projected funding shortfall of 19 billion euros by 2027, urging a shift in priorities from military spending to healthcare resources to uphold citizens' constitutional rights.
The Gimbe Foundation warns that the 2025 Maneuver lacks sufficient funding for the National Health Service (NHS), with a projected gap of €19 billion by 2030. Proposed reforms include reallocating resources, introducing targeted taxes, and enhancing public-private partnerships to address inefficiencies and ensure universal health access. Without these changes, the NHS risks further decline, jeopardizing its foundational principles of equality and equity.
Switzerland's financial center is losing its edge, with a recent study revealing a decline in international assets managed, dropping from $2,438 billion in 2020 to $2,174 billion in 2024. The bankruptcy of Credit Suisse and slower growth in core markets are key factors, while the USA has gained ground, now managing over $2,100 billion, aided by its non-participation in new international tax rules.
Switzerland excels in global rankings for quality of life, education, and business environment, with Zurich recognized as one of the most liveable cities. Despite high salaries and a strong economy, challenges like expensive housing and social integration persist, impacting its appeal to foreign professionals. Additionally, the country faces criticism for its climate policy and issues related to corruption and democracy.
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