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OECD Economic Surveys: Switzerland 2019

OECD Economic Surveys: Switzerland 2019

Paperback

Series: OECD Economic Surveys: Switzerland

EconomicsGeneral Political Science

ISBN10: 9264355405
ISBN13: 9789264355408
Publisher: OECD
Published: Jan 24 2020
Pages: 128
Weight: 0.67
Height: 0.27 Width: 8.25 Depth: 11.00
Language: English
Swiss citizens continue to enjoy high living standards on a range of dimensions. Economic growth has slowed but the healthy labour market is still supporting incomes and consumption. However, risks to the outlook are building. Monetary policy has been very accommodative but low interest rates are adding to financial risks. Fiscal policy is sound and debt low. There is scope to make greater use of available fiscal space. Adapting to population ageing is becoming pressing. This trend, along with digital transformation, will bring new opportunities for the economy and society, but challenges as well. Policies have not kept up with rising life expectancy, particularly the statutory retirement age. Updating the pension system and lowering barriers to working longer would ensure that workers continue to receive adequate incomes during retirement.

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