03
Mar
Swiss GDP is disappointing, though still moves up +1.3% in 2016
Lack of impetus in the second quarter. Consumption remains robust. Export recovery in 2017. Leading indicators are strong. What opportunities are financial markets offering?
Key points
- The economy stepped up the pace in 2016, despite a disappointing second quarter
- Considerable positive contribution from consumption
- Slight increase in public spending
- Overall increase in domestic demand
- Foreign trade struggled in 4th quarter, but January’s result was exceptional, and a recovery is expected in 2017
- Positive prospects for 2017
- Private and public spending provide support
- The improvement in international confidence could lead to a drop in the Swiss franc
- Leading indicators are increasingly robust
- No panic on rates markets as of yet
- Caution on real estate and equity markets
- Temporary consolidation on the horizon
