Photo: Seco

Basel / Bern, Switzerland (GenevaLunch) - The Swiss economy remains relatively steady, but with Credit Suisse’s Swiss manufacturing index dropping slightly and the forecast for tourism showing lower but stable figures in coming months. The manufacturing figures “still [show] however that the Alpine economy is leaving the deep recession behind,” reports news agency Reuters. The tourism forecast is gloomier and follows publication of figures by BakBasel, an economic research institute, showing that tourism from November 2008 to October 2009 was the second lowest since the end of the second world war: only 1995 was lower.

Tourism is the laggard as the Swiss economy begins to recover, with foreign tourism expected to fall by 7.6 percent, and a recovery coming only in the second half of 2010. Overnight hotel stays should fall by 3.7 percent during the 2009-2010 winter and by 1.7 percent during the following summer, BakBasel figures show.

Links to other sites: BakBasel (Ger), Reuters

You can leave a response, or trackback from your own site.