Switzerland has rejected a referendum proposal to cap its population at 10 million as voters prioritised economic stability and the country's ties with the European Union over immigration concerns.
A preliminary projection published by national broadcaster SRF indicated about 45 per cent of voters were in favour of the proposal and 55 per cent against.
The referendum, which was likened to Britain's 2016 Brexit vote, had put businesses on edge due to concerns it could lead to the end of free movement of labour between Switzerland and the EU, its main trading partner.
