Study says Euro impact on Swiss economy will be indirect

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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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