23 June 2021 -
Press release - Standard release
The economic recovery is as multi-faceted as the crisis
After the rebound that followed the crisis, the Swiss economy is now back on track. However, the recovery is proceeding differently depending on the sector, region and size of the company. The manufacturing sector is doing well and will generate growth of 2.7% for Geneva and 2.5% for Switzerland in 2022. The unemployment rate in Geneva is not expected to exceed 5.2% (with an average in Switzerland of 2.6%). The rise in inflation is under control and should not lead to a tightening of interest rates in Switzerland until 2023. This favourable interest rate environment, together with the evolution of demand following the pandemic crisis, offers good prospects for Geneva's residential real estate market.
