Study says Euro impact on Swiss economy will be indirect
Credit Suisse bank study reveals the European Championship has an indirect effect on the Swiss economy.12 June 2008
ZURICH - The European Championship will have only an indirect effect on the Swiss economy, according to a study released Wednesday.
Credit Suisse bank said the tourism, advertising and logistics sectors will see a positive impact from the three-week tournament Switzerland is co-hosting with neighbouring Austria. But overall there will be no major lift to the Swiss economy as a result of Euro 2008, the bank said.
The most Switzerland can hope for is an image boost that lays the ground for longer-term economic growth, Credit Suisse said.
[AP / Expatica]
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