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Subject
Economic outlook for Switzerland.
Significance
Switzerland’s GDP growth disappointed in the first quarter of 2017: it increased by 0.3% on a quarterly and 1.1% on a yearly basis, held back by weak private consumption growth. However, exports rebounded after the long blight of the 2015 franc appreciation shock.
Impacts
Private consumption should improve after stagnating in 2015-16, benefiting from the labour market recovery.
Low interest rates are likely to boost private investment.
Chemicals, pharmaceuticals, engineering, electrics and the watch-making industry are likely to benefit from the expected revival in exports.
Inflation is likely to average around 0.4% in 2017 and 2018.
Keywords:
Switzerland,
EUR,
EU,
economy,
foreign trade,
growth,
monetary,
employment,
fiscal,
reform,
welfare,
politics,
exchange rate,
prices,
pensions,
property,
referendum
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2017
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