The State Secretariat for Economic Affairs' (SECO) released its latest economic forecasts, with the key highlights found below.
- Sees 2019 growth at 1.2% (previous forecast was 1.1%)
- Sees 2020 growth at 1.7% (previous forecast was 1.7%)
- Sees 2019 CPI at 0.6% (previous forecast was 0.4%)
- Sees 2020 CPI at 0.6% (previous forecast was 0.6%)
- Upgrade helped by strong domestic demand, one-off factors like a mild February which supported construction, and an improvement in the automotive sector.
- Warns of risks to the global economy including the trade dispute between the United States and China, uncertainty over Brexit and Italy's financial situation.
- Says the outlook was still subdued and the global economy still faced an abundance of downside risks.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.