Investment Survey Spring 2020

The KOF Investment Survey estimates the causal effect of the COVID-19 pandemic on the investment activity of Swiss companies. According to this survey, Swiss companies have scaled back their plans to invest in equipment during the current year by 7.3 percentage points and have reduced their plans to invest in research and development by 14.9 percentage points. This has far-reaching consequences for the further course of the recession and the dynamics of the subsequent economic recovery.