The Covid-19 virus is affecting the supply and demand side of the economy in several key points simultaneously. Due to the direct restrictions, trade, transport, gastronomy and hotel industry as well as cultural and creative industries are particularly affected. However, quantifying the extent of Corona's economic impact is associated with high uncertainties. How will the economic shock of the Covid-19 crisis affect the Swiss economy?
In various commissioned studies, BAK Economics has already developed initial analytical approaches for the effects of Covid-19 on the economy. For example, conclusions on the resilience of economic areas were drawn on the basis of an ex post study or differences in the industry structure were illuminated. For example, the industry structure of a regional economy is significant for the consequences of a lockdown. In addition, BAK Economics, in collaboration with the Basel Cantonal Bank, surveyed SMEs in the Basel region about their current situation. The results of the survey serve, among other things, to create a benchmark that can be used to analyse future challenges.
As an aid for decision-makers in the Swiss economy, BAK offers the so-called SME Checkpoint with regard to the effects of Covid-19. BAK Business Consulting is available free of charge for an initial 45-minute brief telephone consultation. In addition, an update on the Economic Report is published every month. Review our various Covid-19 impact services in detail and contact us if required. We are looking forward to helping you.