04
Dec
Swiss GDP surprisingly proves most resilient among developed countries
Growth above expectations. Solid domestic demand. Positive outlook for 2021. The franc still
seems overvalued. A digital Swiss franc? Consolidation of Swiss equities.
Key points
- Swiss GDP surged by +7.2% in Q3, almost making
up for the -8.6% drop at the end of June - Domestic demand is surprisingly strong
- Switzerland has better been able to withstand
the Covid-19 shock - Positive growth at the end of the year and
favourable outlook for 2021 - SNB maintains a different course from that of the
major central banks - SNB assesses the desirability of a digital franc
- Will the special situation for Swiss yields soon
come to an end? - Further consolidation of Swiss equities
