Swiss. For now, the economy of Geneva is doing well

The Geneva economy continues to be resilient despite the global situation and concerns about energy and the return of inflation.

Swiss. For now, the economy of Geneva is doing well

The Geneva economy continues to be resilient despite the global situation and concerns about energy and the return of inflation. The Economic Perspectives Group (EPG), which predicts that the GDP will rise by 2.7% in 2022 and 1.7% in 2023 in Switzerland, according to the most probable scenario, has estimated that the GDP would grow by 2.7% in Geneva. Recently, price increases have been a little more noticeable. Inflation is expected to average 2.7% by 2022 before decreasing slightly in 2023 (1.5 %)", numbers that are still far below what we know about France).

GPE considers "the cantonal unemployment rates are close to their incompressible base" and that the downward trend seen up until May must end. The situation remains to be monitored, however, "Things are looking good for now, but there are many uncertainties."

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