Switzerland

The financial sector remained a major contributor to the Swiss economy in 2022 in terms of growth, employment and tax revenue. The collapse of Credit Suisse and its takeover by UBS last spring are likely to affect the labour market in particular.

Last year, the industry employed 234,600 full-time equivalents (FTEs), or 5.4% of all salaried jobs in the country, according to a study published on Thursday by the economic research institute BAK Economics on behalf of the Swiss Bankers Association and the Swiss Insurance Association. ...