Zurich’s economic advancement resists the shock of the pandemic

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Pandemic forces, the number of establishments in the Zurich region has fallen by 21%. The Greater Zurich Area economic promotion organization (GZA, which represents nine cantons) and its partners have nevertheless registered 86 new foreign companies in its territory, according to a statement released on Tuesday.

A result considered “very solid” in view of the health context, by Sonja Wollkopf Walt, general manager of the organization. At the end of the first half, the latter expected a decline of 30 to 40%, or even worse. In question, the economic crisis, the uncertainty, but also the obstacles to travel and the cancellation of events. The pipeline of projects, as well as the attractiveness of Switzerland in times of crisis which is worth “gold” finally made it possible to mitigate the decline.

newsoceon.com