Forecasting Changes in the Macroeconomic Situation in Switzerland: The Smart Economy of the Future
DOI:
https://doi.org/10.57125/FEL.2023.03.25.09Keywords:
digital transformation, innovation, macroeconomic forecasts, Smart Economy, sustainable development, Switzerland, economic growthAbstract
This work explores predictions for Switzerland's economy as a whole through the lens of the Smart Economy. It focuses on how digital transformation, innovation, and sustainable development will help the economy grow in the future. A lot of different methods were used in the study, such as searching databases like Scopus and Web of Science, text mining, sentiment analysis. The results show that Switzerland's strong ICT infrastructure, innovation ecosystem, and dedication to sustainability are very important for the country's economic growth and stability. Based on quantitative analysis, GDP growth was expected to be between 1.5% and 3.0%, inflation rates to be between 0.5% and 1.5%, and employment growth to be between 1.0% and 2.5%. Comparative and scenario analyses showed that Smart Economy practices have a positive effect on macroeconomic indicators. The results show how important it is for Switzerland to invest in digital infrastructure, support research and development, and push for policies that will last. Policymakers and other interested parties can use these insights to help them make the move to a Smart Economy.
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