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Switzerland Seen Weathering Crisis Better Than Others in Europe
Switzerland’s economy is expected to suffer less of a beating from the Covid-19 crisis than others in Europe, according the KOF Swiss Economic Institute. While economic conditions are still challenging -- roughly 14% of the 4,500 firms surveyed believe their chance of survival is at serious risk -- KOF data show companies’ fortunes are gradually improving. Prospects for the Swiss labor market have also brightened slightly. With the country benefiting from a well-diversified economy, including sectors like pharmaceuticals and financial services that haven’t been hammered by the pandemic, the organization ... (full story)