But the future is encouraging, as the OECD has forecast that the Swiss economy would show a 2.4% GDP rise in 2006. And this growth has been the outcome of its strong r
ise in exports and investment. The total exports of the country are estimated to be $122.08 billion in 2005 with a 7.1% rise in the first three quarters of 2006, specifically in sectors like mechanical and electronic engineered goods, tourism, foods, consultancy, insurance and chemicals. Swiss imports are estimated to be $115.6 billion in 2005. The country’s top trading partners are Germany, France, Italy, UK, and of course, the United States. Imports too have shown an increase of 8.3% over the past quarter. A free trade economy, highly skilled domestic workforce, low tax rates and high quality of life, make Switzerland an attractive centre for foreign investment, although investment inflows into Switzerland have had their ups & downs. The first three quarters of 2005 saw FDI inflow of $4.48 billion and outflow of $12.18 billion.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
ise in exports and investment. The total exports of the country are estimated to be $122.08 billion in 2005 with a 7.1% rise in the first three quarters of 2006, specifically in sectors like mechanical and electronic engineered goods, tourism, foods, consultancy, insurance and chemicals. Swiss imports are estimated to be $115.6 billion in 2005. The country’s top trading partners are Germany, France, Italy, UK, and of course, the United States. Imports too have shown an increase of 8.3% over the past quarter. A free trade economy, highly skilled domestic workforce, low tax rates and high quality of life, make Switzerland an attractive centre for foreign investment, although investment inflows into Switzerland have had their ups & downs. The first three quarters of 2005 saw FDI inflow of $4.48 billion and outflow of $12.18 billion.For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
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