Tag Archive: Swiss GDP

Swiss National Bank – Between a rock and a hard place

2019-09-10

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2019-09-10

Swiss Quarterly GDP Growth, 2011-2019
We expect the Swiss National Bank to stay on hold at its next policy meeting, but a lot will depend on ECB and Fed meetings.Uncertainties and global slowdown are weighing on business investment in Switzerland, while household consumption growth has been slowing. Swiss GDP rose by 0.3% q-o-q in Q2 (down from 0.4% in Q1), mainly due to spending in healthcare, housing and energy.

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Switzerland: Lower growth, lower inflation

2019-04-15

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2019-04-15

Swiss Quarterly GDP Growth, 2007-2018
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.

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Surprise contraction in Swiss Q3 GDP

2018-11-29

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2018-11-29

Swiss Quarterly GDP growth 2014-2018
Switzerland’s growth unexpectedly contracted in the third quarter, pushing down our GDP growth forecast for 2018. Recent softening in the euro area also casts doubts about the pace of monetary tightening by the SNB.The strong growth enjoyed by the Swiss economy since Q1 2017 came suddenly to an end in Q3 18, when real GDP shrank unexpectedly by 0.2% q-o-q (-0.9% q-o-q annualised).

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The Swiss economy is gaining momentum

2017-12-14

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2017-12-14

Swiss Real GDP Growth, 1990 - 2018
Swiss growth was disappointing at the end of 2016 and in the first half of 2017. Consequently, GDP growth this year is likely to be just 1.0% , its lowest level since 2012 . However, a wide set of statistics are already painting a considerably more positive picture of strengthening growth as we approach the end of 2017. Of particular note is the increasing contribution of manufacturing to real GDP growth.

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