Switzerland Economic Forecast

Switzerland Economic Outlook

July 24, 2018

The latest data suggests that the Swiss economy remained on firm footing in the second quarter of the year. The unemployment rate dropped in Q2 to the lowest level in almost 11 years, boding well for private consumption growth. In addition, survey-based manufacturing PMI and KOF business sentiment indicators were largely positive and pointed to a robust, albeit slightly slower, increases in the second quarter. However, capacity constraints are becoming more prevalent in the private sector. Lengthy delivery times and rising purchase prices were a recurring theme in the latest survey reports and could limit growth in the second half of the year. This comes after the economy in Q1 was propelled by buoyant domestic demand and strong growth in the external sector, which expanded for the first time since Q1 2017.

Switzerland Economic Growth

The country’s economic outlook is bright. Low unemployment will boost private consumption, while favorable credit conditions at home should support fixed investment growth. In addition, export-oriented industries are expected to benefit from solid overseas demand. Uncertainty over domestic tax reform and rising global protectionism, however, pose downside risks. Met the why particular panelists expect GDP growth of 2.2% this year, unchanged points from last month’s forecast, and 1.8% next year.

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Switzerland Facts

ValueChangeDate
Bond Yield-0.136.27 %Aug 15
Exchange Rate0.99-0.54 %Aug 15
Stock Market8,926-0.82 %Aug 15

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