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Coronavirus: Switzerland’s anti-lockdown protests

Over the weekend, hundreds rallied against lockdown measures across Switzerland in the cities of Bern, Zurich, Basel and St. Gallen. © Ocskay Mark | Dreamstime.comAnti-lockdown protesters in these cities flouted rules introduced in mid-March banning public groups of more than five people, designed to reduce the spread of the SARS-CoV-2 virus. The protestors consider the rules in breach of their fundamental rights. In Bern and St. Gallen, dozens were stopped by the police and face...

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Most think Switzerland is reopening fast or too fast, according to survey

A survey published on 7 May 2020, suggests only 36% of Swiss support the government’s calendar for reopening the country after the Covid-19 shutdown. © Hdesislava | Dreamstime.com23% think the plan to reopen is too slow, while 42% think it is fast or too fast. However, 60% said they had confidence in the government. The most controversial aspects of the plan were reopening schools and reopening restaurants, bars and nightclubs. 37% thought restaurants were opening too early, 29%...

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Swiss consumer sentiment at historic low, according to government survey

Consumer sentiment in Switzerland in April 2020 reached a historic low. The coronavirus has dampened expectations for general economic development and employment and the population is bracing itself for tough financial times, according to the survey. © Michael Müller | Dreamstime.comSwiss consumer sentiment fell from −9 points in January 2020 to −39 points in April 2020, a level well below the level seen in the 2008-2009 financial crisis. The only other time consumer sentiment was...

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Coronavirus: new rules for Switzerland’s restaurants

Restaurants in Switzerland will be able to reopen on Monday 11 May 2020. But they’ll need to follow strict rules that were published this week. © Syda Productions | Dreamstime.comThe seven pages of detailed restaurant rules will make dining in the time of Covid-19 quite different to what we’re accustomed to. Rules put together by the industry and Switzerland’s federal government will require diners to wash their hands as they enter restaurants and provide their names and phone...

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Unemployment up sharply in April in Switzerland

The unemployment rate in Switzerland rose to 3.3% in April 2020, up from 2.9% the month before, a rise of nearly 14%. © Spacedrone808 | Dreamstime.comBy 30 April 2020, there were 153,413 people registered as unemployed at Switzerland’s regional placement offices. Young workers were the hardest hit. Unemployment among those aged 15 to 24 rose by 18.1% compared to March 2020 and by 61.3% compared to April 2019. By the end of April 2020 there were 17,191 people in this age group out of...

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Coronavirus: Swiss schools and other establishments set to reopen

On 29 April 2020, Switzerland’s government announced plans to allow schools and other establishments to reopen on Monday 11 May 2020. © Jan Gajdosik | Dreamstime.comFrom 11 May 2020, shops, restaurants, markets, museums, libraries, primary and lower secondary schools and sports training centres will be allowed to reopen. In addition, public transport will operate according to the standard timetable, announced the government. The easing is conditional on the businesses and institutions...

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Swiss GDP set for worst fall in decades

A team of economic experts working for the Swiss government forecasts a 6.7% fall in GDP and unemployment to rise to 3.9% in Switzerland in 2020. © Marekusz | Dreamstime.comIf these predictions prove right, it will be the biggest slump in economic activity since 1975. The Covid-19 outbreak has forced many companies in hospitality, retail, culture and leisure to restrict or completely suspend their business activities, triggering an abrupt fall in output and private consumer spending,...

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Swiss National Bank unlikely to resort to helicopter money

On 26 March 2020, the Swiss National Bank (SNB) announced it would lend unlimited money to banks to shore up the economy. © Swisshippo | Dreamstime.comIts COVID-19 refinancing facility (CRF), is aimed at strengthening the supply of credit to the Swiss economy by providing the banking system with additional liquidity. The SNB said there would be no upper limit on the amounts available, and drawdowns could be made by banks at any time, enabling banks to expand their lending rapidly and on...

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Coronavirus: Switzerland’s shutdown exit plan

On 16 April 2020, the Swiss government presented its plan for emerging from its coronavirus shutdown. © Viorel Dudau | Dreamstime.comOver the last few days the number of recorded new daily infections has been far below the worst days experienced since the outbreak began. In March 2020, daily new cases regularly exceed 1,000, occasionally exceeding 1,300. Over the last two days they have been around 400, a figure that varies depending on how data collection delays are handled. Slow down...

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Coronavirus: Switzerland extends lockdown until 26 April

On 8 April 2020, Switzerland’s government decided to extend the country’s lockdown measures for a further week. © Sorin Colac | Dreamstime.comIn a press release the Federal Council said the measures would be extended for another week and then possibly progressively loosened before the end of April. The measures have proved to be effective with the spread of the virus clearly reducing over recent days, said the statement. However, given the evolution of the spread and scientific...

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