INTERVIEW - "The Swiss tend to be complacent": The IMD professor sees the country in decline
Switzerland is poorly positioned to assert itself in the new world order, says Lausanne Professor Arturo Bris. With the trade war, future prospects have dramatically deteriorated.
Switzerland's competitiveness is under threat, according to Arturo Bris, a professor at IMD in Lausanne. The country's ranking has dropped to third place in the IMD's competitiveness index, with its economic performance ranking 37th, a historic low. Bris cites the US-China trade war and Donald Trump's tariffs as a major factor in this decline, which has disrupted supply chains and led companies to consider relocating production abroad.
He warns that Switzerland's federal system and lack of a strong central government make it poorly equipped to adapt to the new global economic order.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
