SWITZERLAND - Reform is needed to prevent a potential deficit in the old-age system (AVS) from exceeding 3% of GDP by 2040, the Organisation for Economic Co-operation and Development (OECD) has warned.
In its economic survey of Switzerland the OECD claimed that, because of population ageing, a deficit in the AVS would emerge between 2007 and 2010. This would reach around 1% of GDP by 2020, it war...
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