NEWS

Swiss economy shrank in Q1 as consumption and services were hurt but it is expected to recover quickly.

The Swiss franc has regained its ground recently versus Euro after weak Q1, but still it remains one of the worst performing currencies of 2021. Two big banks see buying opportunity on EUR CHF exchange rate.

From 26th May Swiss companies from medical-technology sector won’t be able to freely export wares to the European Union as two sides failed to reach agreement on a new bilateral deal.

Already high Swiss prices are expected to rise further impacted by the global economic recovery, inflation, and supplies not enough to meet demand after the pandemic.

Not only cross-border workers are popular in Switzerland, but also cross-border shoppers – and as shopping tourism was halted by the lockdown, now rules in Germany are being eased especially for Swiss consumers.