In 2023, the Swiss economy has proved resilient compared with other developed countries. Swiss inflation has remained moderate, employment has continued to rise, and businesses were generally satisfied.
Although the post-pandemic "euphoria" was short-lived and was followed by a market correction, the unemployment rate fell to record lows .
The recovery in Geneva hotels continued. The number of overnight stays has almost returned to pre-pandemic levels. Hoteliers expect their business to grow in the months ahead.
In retail, the situation was very good in the food sector and satisfactory in the non-food sector. The outlook for 2023 and 2024 is positive overall.