Coronavirus: Net migration to Switzerland to fall to record lows
Net migration to Switzerland is set to fall to below 50,000 for the first time due to the impact of the coronavirus pandemic, a new report has found.
The figures come from a report prepared by Credit Suisse looking at the current economic outlook for the country.
According to the findings, net migration for 2021 will drop to 45,000 - due largely to a depressed job market as a result of the pandemic.
The number is the lowest level since European Union freedom of movement laws were put in place in 2007.
The prediction for 2020 is slightly more optimistic, with a net migration of 50,000 - only 3,000 lower than that of 2019.
While Switzerland’s borders were closed from March 25th to June 8th, the fall in migration was mitigated by a high level of new arrivals in the first quarter of 2020 - along with a 20 percent decline in foreign nationals leaving this year.
Late in September, Switzerland is set to go to the polls to vote on a referendum to restrict migration.
EXPLAINED: Switzerland's referendum to restrict EU migration
The ‘moderate immigration limitation initiative' will restrict EU freedom of movement in Switzerland.
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The figures come from a report prepared by Credit Suisse looking at the current economic outlook for the country.
According to the findings, net migration for 2021 will drop to 45,000 - due largely to a depressed job market as a result of the pandemic.
The number is the lowest level since European Union freedom of movement laws were put in place in 2007.
The prediction for 2020 is slightly more optimistic, with a net migration of 50,000 - only 3,000 lower than that of 2019.
While Switzerland’s borders were closed from March 25th to June 8th, the fall in migration was mitigated by a high level of new arrivals in the first quarter of 2020 - along with a 20 percent decline in foreign nationals leaving this year.
Late in September, Switzerland is set to go to the polls to vote on a referendum to restrict migration.
EXPLAINED: Switzerland's referendum to restrict EU migration
The ‘moderate immigration limitation initiative' will restrict EU freedom of movement in Switzerland.
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