Tag Archives: Swiss growth

Growth and price rises should moderate in 2019. The Swiss economy posted impressive GDP growth in 2018, although there was significant divergence between strong growth in the first half and stagnation in the second. Overall, we expect Swiss GDP to expand by 1.3% in 2019, down substantially from 2.5% in 2018. Risks to our growth outlook for Switzerland are tilted to the downside. Looking ahead, we expect the Swiss...

Growth and price rises should moderate in 2019.The Swiss economy posted impressive GDP growth in 2018, although there was significant divergence between strong growth in the first half and stagnation in the second. Overall, we expect Swiss GDP to expand by 1.3% in 2019, down substantially from 2.5% in 2018. Risks to our growth outlook for Switzerland are tilted to the downside.Looking ahead, we expect the Swiss economy to slow. Fundamentals supporting domestic demand remain solid, but the...

Macroview SNB likely to keep negative deposit rate until end of ECB’s asset buying programme, and focus on forex intervention to control upward pressure on franc. The Swiss National Bank (SNB) decided on September 15 to maintain its interest rate on sight deposits unchanged at -0.75%.In its quarterly monetary policy assessment, the SNB highlighted once again the Swiss franc’s overvaluation and reiterated its willingness to intervene on the foreign exchange market if needed.The central bank...

But in the medium to long term, Swiss growth will depend on the terms of the UK’s exit from the EU While it is outside the EU, Switzerland is not immune to external shocks such as Brexit. The transmission channels are multiple (direct trade exposure, financial markets, confidence effect, political agenda…). That said, while the Swiss economy is mainly an export economy, its exposure to the UK is limited. Exports of goods to the UK represent 6% of total Swiss exports, for example, and half...

Macroview Although there were positive components in the Q1 GDP report, we are reducing our full-year growth forecast for Switzerland to 0.9% this year Read full report hereGrowth estimates from SECO (the Swiss economic affairs secretariat) released on June 1 suggest that real GDP in Switzerland expanded by 0.1% q-o-q (0.3% q-o-q annualised, 0.7% y-o-y) in Q1, lower than consensus expectations of 0.3% and Q4 2015 growth of 0.4%.But the GDP components were more encouraging than what the...