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In this column, guest authors share their views on economic and financial issues.
Europe’s export-oriented economies are facing mounting pressure. Russia’s war against Ukraine continues to impose significant financial burdens on Europe. U.S. President Donald Trump’s tariff policies have disrupted global trade, while the conflict with Iran is pushing oil and gas prices higher. At the same time, China is increasingly losing momentum as a global growth engine and is challenging European industry through export subsidies. Against this backdrop, a key question for Europe’s open economies is which institutional and economic policy frameworks best enhance resilience.
Swiss Employees Work Significantly More
Against this backdrop, a comparison between Germany and Switzerland is particularly revealing. Both countries are highly developed, export-driven economies with strong industrial foundations. Yet Switzerland has clearly outperformed Germany in recent years.
