© Nikiforov Oleg | Dreamstime.com The economic impact of the Covid-19 pandemic has hit low-income households far harder than those on high incomes, according to a study published by the KOF Swiss Economic Institute at ETH Zurich. Infection rates rise with income More people in the higher income range reported being infected with Covid-19 than those in lower income groups. Among those with incomes below CHF 4,000, 4% said they had tested positive and a further 8%...
Read More »Record fall in Swiss hotel occupancy in 2020
© Tanya Keisha | Dreamstime.com In 2020, the number of overnight stays in Swiss hotels fell by 40% to 23.7 million, a fall of 15.8 million nights compared to 2019. The fall, driven by Covid-19, is the largest fall in overnight stays in Switzerland since the end of the 1950s, according to Switzerland’s Federal Statistical Office. Plummeting hotel stays were driven mainly by a large slump in foreign visitors. Hotel nights spent by Swiss tourists dropped by only 8.6%...
Read More »Low-income households had lower Covid-19 rates but suffered worse economically
The economic impact of the Covid-19 pandemic was unequal, hitting low-income households far harder than those on high incomes, according to a study published by the KOF Swiss Economic Institute at ETH Zurich. © Nikiforov Oleg | Dreamstime.comInfection rates rise with incomeMore people in the higher income range reported being infected with Covid-19 than those in lower income groups. Among those with incomes below CHF 4,000 (US$ 4,400), 4% said they had tested positive and a further 8%...
Read More »Record fall in Swiss hotel occupancy in 2020
In 2020, the number of overnight stays in Swiss hotels fell by 40% to 23.7 million, a fall of 15.8 million nights compared to 2019. © Tanya Keisha | Dreamstime.comThe fall, driven by Covid-19, is the largest fall in overnight stays in Switzerland since the end of the 1950s, according to Switzerland’s Federal Statistical Office. Plummeting hotel stays were driven mainly by a large slump in foreign visitors. Hotel nights spent by Swiss tourists dropped by only 8.6% (-1.5 million)....
Read More »Covid: new negative test requirement for entering Switzerland
© Tea | Dreamstime.com From Monday 8 February 2021, many people entering Switzerland require a negative PCR test. Currently, there are restrictions on who can enter Switzerland. Generally, only those with a Swiss passport, a valid Swiss residence or cross-border permit, and those who are citizens of an EU or EFTA nation are allowed to enter Switzerland under the current Covid-19 restrictions. There are a few narrow exemptions. In addition, from 8 February 2021,...
Read More »Covid: time to double down, says Swiss expert
© Michael Müller | Dreamstime.com Since reaching a peak in early November 2020, Covid-19 cases in Switzerland have fallen significantly. The 7-day daily average was 8,238 on 8 November 2020. By 8 February 2021, this figure was down by more than 80% at 1,437. However, according to Martin Ackermann, head of the Swiss National COVID-19 Science Task Force, now is not the time for Switzerland to relax. New faster spreading variants mean the headline case numbers are...
Read More »Covid: Israel’s vaccine experiment looks promising
Israel leads the world in the race to vaccinate against the SARS-CoV-2 virus, in what some are calling the world’s leading Covid-19 vaccine experiment. 64 doses of vaccine per 100 people have been administered there, far more than in any other nation. Israel’s strategy has focused on protecting the most vulnerable first. By 6 February 2021, 80% of the population over 60 had been vaccinated, compared to less than half that percentage among those under 60 – see chart...
Read More »Covid: responding to coronavirus denial
This week, the Swiss National COVID-19 Science Task Force published a guide on responding to coronavirus denial. During second wave, trust in the decisions of the Swiss authorities dropped below where it was in spring, and the social consensus on how to respond to the pandemic eroded over the summer, said the authors. Conspiracy theories and misinformation have contributed to this trend and reduced the adoption of measures to control the spread of the virus, said the...
Read More »Can Novartis really make its medicines available to everyone?
Novartis launched a new strategy in sub-Saharan Africa in 2019. Sales people will no longer be incentivised by sales targets but rather by patients reached. Reuters / Baz Ratner Novartis has said it wants everyone in the world to be able to access its products, even multi-million-dollar gene therapies. Can its experiment work? Five years ago, Swiss pharma firm Novartis did something no one else in the industry had ever done. It set out to rigorously evaluate whether...
Read More »Vaccine delays costing Switzerland up to 100 million francs a day
A recent study by Swiss National COVID-19 Science Task Force calculates that vaccination delays are reducing Switzerland’s national output (GDP) by between CHF 50 – 100 million per day, according to RTS. © Ballok Beata | Dreamstime.comMarius Brülhart, an economics professor, told the broadcaster that vaccinating as fast as possible is important not only from a health stand point but also from an economic one. Some nations have already managed to vaccinate a significantly higher...
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