Predicted Growth for the Swiss Economy in 2017
The Swiss Economic Institute predicted that the economy in Switzerland will increase in 2017 by 1,5%, following a modest increased observed in the eurozone. At the same time, the economic growth in Switzerland is also determined by an increase of the consumer spending. Thus, businessmen who want to open a company in Switzerland could benefit from the effects of the local market, especially the aspect refering to the characteristics of the Swiss consumers. Our team of Swiss lawyers can offer legal advice on how to start a business here.
Economic development in Switzerland
The representatives of the Swiss Economic Institute declared that the local economy benefits from a stable environment and that the future prospects are encouraging, taking into consideration the increase of the economy in the eurozone.
Those who want to register a company in Switzerland should know that recently businesses set up here experienced a harder period, but in the view of the current data related to the Swiss economic outlook, the business market should also improve. The Swiss Gross Domestic Product (GDP) for 2018 is expected to grow up to 1,9%. In this situation, the market in Switzerland should increase as well, for the demand of products and services orginated in this country.
Pharmaceutical industry in Switzerland
The Swiss market is represented by several economic sectors, one of it being the pharmaceutical industry. In this sense, we mention that the Swiss exports are stongly characterized by the trade of pharmceutical products. Investors who want to establish a company in Switzerland in this field will need to obtain relevant business permits and licenses in order to perform their business activities here. Our team of lawyers in Switzerland can offer legal assistance on the requirements that must be met in order to obtain such documents.
The Institute also declared that the imports should also increase, a trend which might also be seen in the investments carried out in Switzerland.
Those who need further information on this topic are invited to contact our Swiss law firm for legal advice.