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Swiss voters opted to play it safe on Sunday, rejecting an unprecedented proposal to cap the country’s population at 10 million people as economic risks overcame elevated concerns about immigration.
The result of a national ballot on the initiative came down to pragmatism as the majority — 55% — accepted warnings from companies and the government that it would have a long-term negative impact on growth. Businesses have repeatedly said that they need easy access to foreign labor to fill roles in Switzerland.
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