05
Dec
Swiss GDP expected to accelerate to +1.8%
Manufacturing sector boom. Exports and consumption likely to recover. The Swiss franc will continue to be weak. More than 25 billion in profit for the SNB in 2017.
Key points
- GDP rose +0.6% in the 3rd quarter, and +1.2% yoy
- Strong prospects for the last quarter
- GDP growth for 2017 estimated at +1.5%
- Favourable forecasts for 2018- GDP growth could even exceed +1.8%
- Leading indicators suggest that the economic bright spell will become even brighter
- The manufacturing sector is absolutely booming again
- Consumers are still cautiously optimistic
- The SNB is on the cusp of celebrating the success of its exchange rate management policy
- More than 25 billion in profit for the SNB in 2017
- The weakness of the Swiss franc is not over
- The rate curve is steepening
- Renewed risk for equities and real estate
