SECO: Swiss Govt lowers 2017 GDP forecast to 1.6% vs 1.8% prev

Dhwani Mehta FXStreet

The Swiss State Secretariat for Economic Affairs (SECO) came out with their latest forecasts on Swiss economic growth and inflation outlook in the coming years.

Key Points:

2018 GDP unchanged at 1.9%

2017 inflation forecast +0.5% vs 0.0% previous

2018 inflation +0.3% vs +0.2%

SECO cites that the 2017 downward revision is due to a sluggish end to 2016 but "expected to step up significantly over the coming quarters."

Swiss economy "will continue to recover at a solid albeit not exceptionally strong rate."

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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