05
Mar
Swiss GDP forecasts revised: +2.2% in 2018
The Swiss franc’s weak spell is not over. The bond bubble is deflating. Tensions on the interest rate curve. Corrections to risky assets could represent an opportunity.
Key points
- The forecast acceleration of Swiss GDP in the second half of the year will continue in 2018
- +2.2% GDP growth in 2018
- Leading indicators are looking good
- Consumption will continue to be a key factor
- Boost expected for foreign trade
- The SNB should be pleased with its policy
- Historic CHF 54.4 billion profits for the SNB
- The Swiss franc’s weak spell is not over
- Tensions on the interest rate curve in Switzerland
- The bond bubble is deflating
- Reactions are stronger on long maturities
- The correction on risky assets could represent an opportunity
