In Q3 2025, household debt in Switzerland reached 121.90% of GDP (one of the highest ratios in the world). The creation of money out of thin air (by commercial banks) is in full swing, given that this economic policy sustains a whole host of professions related to real estate by inflating national income (like a speculative real estate bubble). On the other hand, in Q4 2025, Switzerland’s net debt represented 16.1% of GDP (irrational fiscal orthodoxy; a critical lack of investment). Food for thought!
