Countries are struggling to contain inflation, but not Switzerland. Here's why
As many countries across the globe battle sky-high inflation, Switzerland’s economy is seeing something far less dramatic.
Inflation in Switzerland hit a 29-year high of 3.5% in 2022. While high by Swiss standards, that figure is well below the double-digit inflation of comparable economies including the United States (9.1%), United Kingdom (11.1%) and euro zone (10.6%).
On top of that, economists say it’s easing.
“It’s coming down a little bit,” Tobias Straumann, professor of modern and economic history at the University of Zurich, told CNBC.
So, what is it about the Swiss economy that’s allowed it to largely sidestep inflation, and what can other countries learn from it? Watch the video to find out. cnb.cx/41qXuXw
#CNBC #Inflation #Switzerland #Economy
-----
Subscribe: cnb.cx/2wuoARM
CNBC International TV: cnb.cx/2NGytpz
Facebook:
/ cnbcinternational
Instagram:
/ cnbcinternational
Twitter:
/ cnbci
Honestly, this concerns me and has left me uneasy. Especially this potential depression, no more a recession. I'm unsure about my $130K account strategy, considering the uncertainty of this whole recession mostly.
All I learned is that inflation is a poor person problem.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
I'm Swiss and living below the poverty line. Inflation is very real in Switzerland too and I'm struggling. My electricity bill has doubled in 6 months and I need to find deals on almost expired food to afford groceries.
the more she breaks the toblerone, the longer it gets
Recessions are where multi millionaires are created. I feel for the older generation, but if you are young or middle age, you should do everything possible to double and triple your investments.
A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
We read news in the media that doom and gloom is coming and we just accept it, doom and gloom doesn’t always have to be coming, I’ve read numerous success stories of people that are pulling off tremendous gains of up to $250K within weeks in this crazy market and I just want to learn how to achieve such figures.
Seriously, Switzerland is already so expensive compared to its neighbours, that a 3.5% inflation seems like normal yearly price increase.
Food prices went up in Switzerland on 4% compared to Germany 16% but my aunt who lives in Switzerland would still go to buy food in Germany because it’s still cheaper in Germany
The #1 priority for everyone right now should be investing in non-government alternative income sources. specifically in light of the present global economic crisis. Nowadays, investments in stocks, oil, and virtual currencies are still appealing.
Recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.
The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?Read more
I laughed at „Here in Switzerland, a small mountainous nation in Europe“… thanks for clearing that up for your American audience.
I am trying to avoid making any new buys at this point in other not to get sucked into a bear market trap.It's tough making money in stocks when institutional investors are the driving force behind the selling.. although I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
What's the greatest thing about Switzerland?
Yes stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.
Every family has that one person who will break the family's financial struggle, I hope you become the one 😊
How to avoid inflation: