Switzerland posts strong economic gains: GDP up +3% in 2018.


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