in order for the Swiss economy after a marked slowdown in the second half of the year 2018 a more moderate pace. In 2018 the Swiss economy, based on the grown-OECD 2.5 percent. And world trade will recover in the year 2020, the Organisation for economic co-operation and development (OECD) in its latest Outlook writes.

This will in turn stimulate exports and investments in Switzerland again. Private consumption will recover under the influence of a slight decline in unemployment and rise in wages also. The OECD, the public sector stimulates but to increase their investment expenditure.

As a challenge for Switzerland, the organization locates the increased shortage of skilled workers – particularly in the Professions of engineering, natural Sciences and information technology. In the medium term could be created according to the OECD, remedy, by, more women will be encouraged to study the above subjects. In the short term, higher quotas for immigrants from Non-EU would help States.

it Also would have exacerbated the imbalances on the Swiss housing market. The mortgage loans have reached new highs and the OECD thinks that the Swiss national Bank will lift against the end of 2020, interest rates for the first time. Therefore, new regulations in mortgage lending would be appropriate.

The trade disputes around the globe will affect the world economy. The OECD lowered their forecast for global economic growth this year to 3.2 percent and predicted that in 2020, only a small acceleration to 3.4 per cent. The lowest growth rates in the last 30 years.

unemployment is at the lowest level in almost four decades. However, since the financial crisis, real wages grow less quickly. Therefore, a medium budget, most of the major industrial countries, have today less in real income than before the crisis.

unemployment is expected to fall by 2020 in the 36 OECD member countries to 5.2 percent. In 2017, just six percent. For Switzerland, the organization expects the unemployment rate (according to ILO) of 4.7 percent this year and 4.5 percent in the year 2020.

“The growth is expected to remain average because of the trade tensions persist, and at the same time the gap between the people,” said OECD chief economist Laurence Boone on Tuesday. “Governments can and must act together to build a sustainable growth for the benefit of all.”

(SDA)