Switzerland

Purchasing power in Switzerland is likely to remain under pressure next year. Companies surveyed by UBS want to pay their employees more wages for 2024, but higher salaries cannot compensate for the inflation.

Specifically, the 389 companies surveyed as well as employer and employee associations expect an average wage increase of 1.9% for 2024.

Taking into account inflation expected at around 2%, real wages are therefore unlikely to rise next year, according to the conclusion published on Wednesday Salary survey by the major bank UBS. ...