Swiss GDP expected to accelerate to +1.8%


05 Dec

Swiss GDP expected to accelerate to +1.8%

Manufacturing sector boom. Exports and consumption likely to recover. The Swiss franc will continue to be weak. More than 25 billion in profit for the SNB in 2017.

Key points

  • GDP rose +0.6% in the 3rd quarter, and +1.2% yoy
  • Strong prospects for the last quarter
  • GDP growth for 2017 estimated at +1.5%
  • Favourable forecasts for 2018- GDP growth could even exceed +1.8%
  • Leading indicators suggest that the economic bright spell will become even brighter
  • The manufacturing sector is absolutely booming again
  • Consumers are still cautiously optimistic
  • The SNB is on the cusp of celebrating the success of its exchange rate management policy
  • More than 25 billion in profit for the SNB in 2017
  • The weakness of the Swiss franc is not over
  • The rate curve is steepening
  • Renewed risk for equities and real estate