Strong currency is actually a bad thing. It may be good for the individual but for the economy it sucks. We are dependent on high quality exports. Those are less effected by currency fluctuations than low quality exports but still it has an effect.
AcolyteOfAnalysis on
Summary of the article for the unsubscribed plebs?
Adorable-Wasabi-77 on
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LowCicada2121 on
Nice article. It mentions the decentralised economy and the job-oriented education system. But it failed to mention that the Swiss economy is massively protected by trade barriers. This is not a main factor I would say (other countries are also!) but likely an influence.
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Strong currency is actually a bad thing. It may be good for the individual but for the economy it sucks. We are dependent on high quality exports. Those are less effected by currency fluctuations than low quality exports but still it has an effect.
Summary of the article for the unsubscribed plebs?
Paywalled
Nice article. It mentions the decentralised economy and the job-oriented education system. But it failed to mention that the Swiss economy is massively protected by trade barriers. This is not a main factor I would say (other countries are also!) but likely an influence.