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Swiss executives predict strong economic year in 2018

Swiss executives predict strong economic year in 2018

ZURICH: This is a marked rise from the same figures last year, when just one third of Swiss executives foresaw a strong performance.

The biggest risks cited by the managers were a possible crisis or breakup of the eurozone, the reform of corporate tax in Switzerland, and possible policies of the US government.

The good mood is related mainly to surrounding conditions in Europe, said the newspaper, as well as the boost provided to exporters by the weakening of the overly-strong Swiss franc through 2017.

The knock-on effects for the real economy could be substantial: some 28% of survey respondents said that an improved overall situation would incentivise them to invest more, up 10 points on last year.

On job creation, however, there is less optimism: though fewer companies expect job cuts this year (17%), only one-third plan to create new positions.