SWISS INNOVATION- HOW THE SWISS ARE LEADING THE WAY AND THE ECONOMY IS RESPONDING

According to the United Nations Global Innovation Index (GII), Switzerland has been consistently ranked as the most innovative country in the world for the last 10 years. There are 80 different parameters used to assess how innovative a country is, yet Switzerland has without fail performed highly.

This begs the question, what sets Switzerland apart? 

Switzerland’s success can be attributed to its emphasis on scientific knowledge and technological solutions in a tech-oriented economy. In 2015, there were 873 patent license applications for every million residents in Switzerland. This figure substantiates the Swiss commitment to spearheading innovation for the future. 

Switzerland’s standing as a leader in the innovation space is a strong indicator that the nation will continue to boost its economy following the harsh economic ramifications of recent circumstances. According to Eric Scheidegger, the head of the Economic Policy Directorate at SECO, “Switzerland could achieve [economic] growth of around 4% in both 2021 and 2022.” Scheidegger predicts that the Swiss GDP will return to pre-pandemic levels by the end of this year. As one of the most economically developed countries in the world, Switzerland’s economy will thrive particularly with its investments in financial services and in the pharmaceutical industry. This economic growth would be a considerable feat given the drastic effects that COVID-19 has had on the economy globally. 

Given its stable economy and success as a country in the face of a global pandemic, Switzerland would be an ideal place to consider for anyone looking to invest responsibly. The residence apartments at the Hard Rock Hotel Davos is an excellent option that would give investors the best of both world. Owning property at the Residences would afford owners the unique advantage of generating income through rental returns while also having the option to use the property as a vacation home in the summer or winter months. As a world leader by many measures, whether economic or societal, Switzerland has proven to be a hub of innovation for industry leaders from around the world. In context of property investment, it would be wise for any investor to consider Switzerland as a top contender yielding highly favourable returns.

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