The pandemic is over, covid loans remain

Published on July 3, 2024 at 7:55 p.m. / Modified on July 3, 2024 at 9:15 p.m.

The wars in Ukraine and Gaza, the energy crisis and inflation have quickly replaced Covid as economic concerns. So much so that the health crisis seems to belong to a very distant era. Last week, however, the Federal Council approved the report “Economic consequences of the Covid-19 crisis”, detailing the effects of the pandemic on the Swiss economy. One figure sums up the scale of the crisis: the Confederation’s Covid-related expenditure between 2020 and 2023 amounts to 34.9 billion francs.

This sum includes both economic mitigation measures (28.7 billion francs in total) such as compensation for loss of earnings (4.3 billion) and federal contributions to unemployment insurance (16.3 billion), as well as expenditure incurred for the purchase of health equipment, in particular vaccines, and the coverage of screening costs (5.3 billion).

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