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Economy predicted to return to pre-virus levels by 2022 at the earliest

National News // June 10, 2020

The thinktank, Economiesuisse, says the economy will take a long time to recover and won’t be back to pre-virus levels until 2022 at the earliest.

Photo by AbsolutVision on Unsplash Economy predicted to return to pre-virus levels by 2022 at the earliest

The association says the main drag will be the international situation which will hit exporters – the main driver of the Swiss economy. 

It expects GDP to contract by 5.4% this year. 

And then next year the economy will not be as dynamic – despite GDP growth predicted at 4.1%. 

Economiesuisse likens the Covid-19 shock to the oil crises of the 1970s when GDP collapsed by nearly 7%.





 

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