The number of new businesses created has reached its highest level in Switzerland in 136 years (since the creation of the Swiss commercial register), with more than 32,000 new companies set up in the first three quarters of 2019.
For the Swiss economy, this record figure is good news. Indeed, while the strength of the economy rests on a few very large companies and SMEs, technological revolutions and the move upmarket of most industrial economies require innovation and call for a renewal of the Swiss economic fabric.