Switzerland’s economic situation is closely linked to the EU. The fact that a framework agreement has been negotiated for 7 years only shows how outdated the structures on both sides are. Emerging nations from the Far East are already shaping reality (Silk Road) and conquering new markets (including ours!) while we are still “negotiating”. As an entrepreneur, you must be able to keep up with this speed – whoever trusts that the government will regulate everything promptly will meet the same fate as the institutions on the Paradeplatz: overrun by new technologies & competitors from abroad or online. Globalization of the goods industry is unstoppable, and it continues in finance and services (keyword: decentralized applications). Here we must be able to keep up and must not be hindered by outdated agreements.

The European Union is doing much worse than expected, both politically and economically. The political staff is weak and will exacerbate the current crisis. Even though Switzerland is economically dependent on foreign countries (especially the EU, but also Asia and the USA), it can master the situation thanks to innovation, entrepreneurship and adaptability, while the increasingly planned economy of the EU will follow the fate of the USSR. Cooperation with industrialized nations outside the EU will become more important (Russia, China, India, USA). The danger of inflation, which will be practically global, as well as the “everything bubble” driven by the FED and the Euro central bank, is a cause for concern.

Switzerland is doing well. But we should think more about sustainability and prepare ourselves for the risks of the future. This can only be done together with our neighbors. Nationalism is a thing of the past. We must all work together on the problems of today – and the problems of the future. Urgently!

Despite everything, Switzerland has a stable economic situation. Full order books, high liquidity and a controlled interest rate policy give rise to confidence. Supply bottlenecks of raw products and the failed framework agreement with the EU will put a damper on the economy in the short term, but I still see the situation as positive in the medium term. The EU cannot afford to be totally cut off from Switzerland either. However, the vote has shown that the “old” rules are no longer adequate. New “rules of the game” must therefore be defined.

The situation is still good. Remove uncertainties for trade agreements – medical and research are important.