17
Sep
Switzerland posts strong economic gains: GDP up +3% in 2018.
GDP up +3.4% in Q2. Inflation at 10-year high. Steepening yield curve. Temporarily strong Swiss franc. Bullish trend in Swiss equities.
Key points
- Exceptional and unexpected economic upturn in Switzerland in Q2
- GDP growth exceeds +3% in 2018
- Strong momentum in Q2: +0.7%
- Switzerland not immune to the risks of a trade war between Beijing and Washington
- Leading indicators pointing toward growth in the manufacturing sector
- Upswing in confidence to boost private consumption
- Foreign trade expected to expand
- Swiss franc temporarily stronger due to acceleration of growth
- Yield curve is steepening
- Bullish trend in Swiss equities continues
