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"GREXIT" and "Euro-Break-Up" pose significant risks for Switzerland |
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15.06.2012 |
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In order to quantify the possible consequences of a "GREXIT" or even a "Euro-break Up " for the Swiss economy, BAKBASEL has calculated two scenarios: Whereas in the case of a "GREXIT“, the Swiss economy gets away rather lightly and will only in the first year experience a significantly lower growth. However, in the scenario of a "Euro-Break-Up", a severe recession for Switzerland over two years would be likely. Even taking into account later occurring counter effects, in year 4 of the "Euro-Break-Up" the level of the macroeconomic performance in Switzerland would still be roughly 4 percent lower than in the other scenario. |
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