Swiss government slightly ups 2019 growth forecast to 1.2%

Dhwani Mehta FXStreet

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.

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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