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GDP forecast lowered significantly

The Economists of the Federal government lowered its forecast for Swiss economic growth in the coming year. You go from a value of 1.5 percent, after it said in September, to 2.0 percent previously. 2020 will be a growth of 1.7 per cent, as the state announced Secretariat for economic Affairs (Seco) on Tuesday.

to the spout end of the year 2018, the forecasts are less positive. The forecast was reduced to 2.6 from 2.9 percent. The lower forecasts for 2018 and founded the Seco so that the growth had been slowed in the third quarter, abruptly. As you know, the Swiss economy contracted at the time to 0.2 per cent. The Seco experts believe that the Export and the rates of the domestic economy after a weak third quarter, a moderate growth will return. The strong growth rates in the first half of the year 2018 would not be achieved.

development of wages dampens consumption

Starting in 2019, the economic "normalization" of the world economy is going to continue, then after the strong expansionary Phase in 2017 and 2018, it said. The Euro area is expected to lose according to the experts a little faster momentum than expected in September. No strong impulses are expected from the consumer to the message. The subdued wage development and the positive inflation reduced the real purchasing power of households.

Seco is also emphasised in the communication, the risks to the forecasts. The trade should escalate the dispute further, would slowing down the world economy and of world trade greater than assumed in the projections, it was said. (fal/sda)

Created: 18.12.2018, 08:19 PM

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