Switzerland Economic Forecast

Switzerland Economic Outlook

September 25, 2018

The economy continued to advance at a strong pace in the second quarter as GDP expanded for the sixth consecutive period on a quarter-on-quarter basis. Nonetheless, economic growth moderated slightly from Q1, chiefly due to weaker fixed investment. On a brighter note, the external sector performed well, with export growth recovering markedly, driven by robust growth in the manufacturing sector and solid international demand. The economy appears to be losing steam in the third quarter. Retail sales contracted in July, indicating private consumption has likely softened. Moreover, the forward-looking KOF business sentiment indicator receded in August. On the flip side, the PMI hit a six-month high in August on surging output, a sign that growth in the manufacturing sector remains buoyant.

Switzerland Economic Growth

Switzerland is expected to have the strongest expansion in several years in 2018, supported by a healthy domestic economy and strong activity in export-oriented industries. In 2019, however, economic growth is expected to slow as global trade momentum wanes, weighing on the external sector and investment. FocusEconomics panelists expect GDP growth of 2.5% this year and 1.8% next year, which is unchanged from last month’s forecast.

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Switzerland Facts

ValueChangeDate
Bond Yield0.086.27 %Oct 12
Exchange Rate0.99-0.54 %Oct 12
Stock Market8,660-0.82 %Oct 12

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