Fiscal Balance in Switzerland

Switzerland Fiscal Balance | Economic News & Forecasts

Switzerland - Fiscal Balance

Economic data for Q1 and Q2 paints a grim picture: The KOF barometer tumbled at a record rate in April; consumer confidence plunged to its lowest level since the early 1990s in Q2; the unemployment rate jumped 0.4 percentage points to 2.9% in March; and retail sales were battered in the same month. The services sector has been particularly hard hit from containment measures. In response, the government has ramped up its fiscal response, doubling the size of its loan guarantee program, expanding the short-time work program, and extending wage subsidies. While the sweeping measures are the largest ever enacted, bringing total spending to over CHF 65 billion (roughly 9% of GDP), they will not be able to prevent an economic contraction. On 16 April, the government also announced its plan to gradually reboot the economy. The news should help alleviate uncertainty, although the slow retraction of restrictions suggests the recovery will be gradual.

Switzerland - Fiscal Balance Data

2014   2015   2016   2017   2018  
Fiscal Balance (% of GDP)-0.2  0.6  0.3  1.2  -     

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Switzerland Facts

Value Change Date
Bond Yield-0.516.27 %Jan 01
Exchange Rate0.97-0.54 %Jan 01

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