View Single Post
  #2  
Old 29.08.2006, 16:09
Lob's Avatar
Lob Lob is offline
Forum Legend
 
Join Date: Nov 2005
Location: -
Posts: 8,436
Groaned at 49 Times in 44 Posts
Thanked 1,973 Times in 1,060 Posts
Blog Entries: 1
Lob has a reputation beyond reputeLob has a reputation beyond reputeLob has a reputation beyond reputeLob has a reputation beyond reputeLob has a reputation beyond repute
Re: The Swiss economy: improvement or just hot air?

to be honest..................the ebb and flow of the Swiss economy has hardly been a rollercoaster ride. Let's see - there's a focus on services because manufacturing is a "minority" business. Services are usually more resilient to other market forces (essential not leisure that is) so the world changes and we stay the same.

The only slide I remember was with Swissair.

Inflation has been practically zero for eons; interest earned on regular business banking deposits also close to zero. Even fuel prices only just have an inflationary push.

Unemployment is around 4% which for many is the line between voluntary and involunary unemployment - ie. full employment. Benefits are good enough to see this stay the way it is.

With the slight push since 2001 in favour of the employer, wages have stagnated - but in real terms I do believe they're around the same.

I don't rate Swissinfo that highly. I also would say that J-P is putting a little fear into one and all to make sure things don't change too quickly

With great benefits and Englishforum's Arcade, high scores are bound to tumble
Reply With Quote