Switzerland Economic Forecast

Switzerland Economic Outlook

January 30, 2018

Leading data for the fourth quarter has been robust, suggesting the broad-based economic upswing on display in the third quarter continued in earnest through the final stretch of the year. Both the KOF Economic Barometer and the procure.ch PMI reached their highest levels since mid-2011 in December, with the results illustrating the health of the real and external sectors, respectively. The banking sector has buoyed the domestic economy in recent months, while strong global demand and a weaker franc (against the euro) have increasingly propelled key exports. Moreover, these trends have wound up most of the slack in the labor market, with unemployment hitting a three-year low in December. Switzerland’s economic upturn has come at an opportune time; all eyes were on Davos in late January as world leaders and executives met for the annual World Economic Forum.

Switzerland Economic Growth

Upbeat economic sentiment is expected to foster greater business investment this year, while a weaker franc (against the euro) and the booming global economy should fuel export-driven growth. Moreover, a further tightening of the labor market should boost real wages and, in turn, lift household spending. Uncertainty over the direction of planned tax reforms will provide some limited downside risk. Met the why particular panelists expect GDP growth to accelerate to 1.9% this year, which is unchanged from last month’s forecast, before easing to 1.7% in 2019.

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Switzerland Facts

ValueChangeDate
Bond Yield0.086.27 %Feb 22
Exchange Rate0.93-0.54 %Feb 22
Stock Market8,967-0.82 %Feb 22

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