The economic research Institute KOF at the ETH Zurich forecast for the Swiss economy in the current year, a significantly weaker growth than in the past. In its spring forecast, it is lowering its forecasts for GDP growth in 2019, 1.0 to 1.6 percent. For 2020, the KOF-Economists from a growth of 2.1 percent. Similar developments were predicted by other forecasting institutions predict.
The Swiss economy was in a difficult environment, writes the KOF for justification and mentioned the insecurity created by the Brexit, the economic slowdown in China, as well as the downturn in the Euro area. As a result, the expectations of the export had deteriorated-oriented companies. Only in the second half of the year, you can expect a rise in export development, the KOF more.
a Few impulses are also expected from the consumer, because the weak real wage development in the current year will continue, it means more. Real – inflation adjusted – give it to 2019, only a wage growth of 0.4 percent. (Dec/sda)
Created: 27.03.2019, 12:23 PM
