by The outlook for the Swiss economy is better than a month ago but still in negative territory. Keystone-SDA / Jean-Christophe Bott Listen to the article Listening the article Toggle language selector English (US)
Topics:
Swissinfo considers the following as important: 3) Swiss Markets and News, 3.) Swissinfo Business and Economy, Featured, newsletter
This could be interesting, too:
Guillermo Alcala writes USD/CHF slides to test 0.8645 support with US inflation data on tap
Swissinfo writes Swiss central bank posts CHF62.5bn profit
Nachrichten Ticker - www.finanzen.ch writes Trump-Faktor und Marktbedingungen könnten für neuen Bitcoin-Rekord sorgen
Charles Hugh Smith writes Is Social Media Actually “Media,” Or Is It Something Else?
According to financial analysts and economists, the outlook for the Swiss economy remains bleak. Although they assessed the outlook for the Swiss economy in October as slightly better than a month ago, the index calculated by the major bank UBS remains in the red.
+ Get the most important news from Switzerland in your inbox
The UBS CFA indicator, which summarises the expectations of financial analysts and economists regarding the economy over the next six months, rose by 1.1 points to -7.7 points in October compared to the previous month. However, it remains in negative territory for the fifth month in a row, UBS explained in a press release on Wednesday.
The survey therefore continues to indicate a slightly negative outlook for the Swiss economy over the next six months, according to UBS. A deterioration in the economic situation is also expected in the eurozone and the US. However, the assessment of the current situation in the US is much more positive, which relativises the expected slowdown there.
The Chinese economy, on the other hand, appears in a new light: analysts have raised their previously pessimistic growth outlook for China. In UBS’s judgement, this is probably due to the comprehensive economic stimulus package announced by the central bank and the government.
However, if Donald Trump is elected US president, Chinese exports to the US could face significantly higher tariffs, UBS experts warn. This could have a negative impact on the country’s growth outlook.
Interest rates expected to fall
Interest rate expectations have also fallen. For Switzerland, for example, a majority of participants in the survey now expect inflation to fall below the 1% mark in 2025. Short-term interest rates in the eurozone and the US will also fall according to 85% of the analysts surveyed.
However, opinions are divided when it comes to exchange rates. A third of analysts expect the Swiss franc to appreciate against both the euro and the US dollar. This is less than in September. Conversely, around 20% expected the Swiss franc to depreciate against both currencies.
The survey was conducted between September 17-24 and 26 analysts from the Swiss financial sector took part.
Translated from German by DeepL/jdp
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to [email protected].
Tags: Featured,newsletter