- Switzerland: Financial services risk
Economic activity is expected to contract somewhat in 2009, due to poorer export prospects and a diminished contribution of financial services, followed by a rebound in 2010 as global financial market turbulence abates. Inflation is projected to fall back to 1%, reflecting lower oil prices, the opening of an output gap and wage moderation. A further reduction in policy interest rates may be needed, but monetary policy stimulus will have to be withdrawn in the course of 2010. Fiscal policy should allow automatic stabilisers to operate.
(135 words) - Broadband wind rises
The number of broadband subscribers in the OECD rose to 235 million by December 2007, up 18% from 200 million subscribers in December 2006.This growth increased broadband penetration rates to 20 subscriptions per 100 inhabitants, up from 16.9 in December 2006.
(278 words) Doris Leuthard*, Head of the Swiss Department of Economic Affairs and lead speaker at the 2008 OECD Forum ©Swiss government
Interview
with Doris LeuthardInternational trade is very prominent right now. Can we start by looking at Switzerland's position?
As a very export orientated country, trade is extremely important to us. Switzerland has for years been open to trade deals, both as a member of the European Free Trade Association and through bilateral agreements, with 19 in all now.(1346 words)- Switzerland: Budget surplus to decline
Economic growth is expected to slow to about 2% in 2008 and 2009, close to the potential rate, with a diminished contribution from net exports. Employment should continue rising, although unemployment may not fall much further. Inflation is projected to rise modestly, reflecting past oil price rises and a high level of capacity utilisation. The government budget surplus will decline.
(139 words) - Innovation reports
Was the dot.com boom a fortuitous circumstance, or the fruit of brilliant minds? Was it the hardware or the software that spurred the IT revolution? And to what extent did government efforts to free up markets and provide enabling business and innovation environments play a role?
(255 words) - Swiss health
Switzerland’s health system is arguably one of the world’s best, but at what cost? This is a question raised in a new report produced jointly by the OECD and the World Health Organization (WHO).
(221 words) - Childcare counts
Choosing the career track versus the family track is a personal choice that has become a global concern. Family-friendly policies are essential, says Babies and Bosses - Reconciling Work and Family Life, not only to promote child development and family wellbeing, but to reduce poverty, underpin productivity and bolster employment in our ageing societies.
(354 words)
- Corporate governance: Lessons from the financial c...
- The green growth race
- Why tax matters for development
- Roundtable on the jobs crisis
- Development aid: The funding challenge
- News brief - June 2009
- Passing the stress test
- Roundtable on regional policy
- Nothing ventured
- Unemployment : The language of the crisis