When the world went into lockdown in March/April 2020, everyone expected the worst for the economy. While it is safe to say that some countries struggled more than others, Switzerland conquered the crisis and even exceeded pre-Covid activity in some areas.
As one of the wealthiest countries in the world, Switzerland’s GDP has been on a steady increase and almost tripled in the last 20 years. Projections also show significant growth from 2020 to 2021, stressing the fact that the pandemic had little to no impact on the Swiss economy. This was also witnessed by Thierry Calame, the new managing partner at Lenz & Staehelin: ‘The pandemic continued to be the largest challenge this year. However, thanks to the robust Swiss economy there has not been any economic downturn in 2021, but rather a significant recovery.’
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