Swiss Govt lowers 2017 GDP growth forecasts

Dhwani Mehta FXStreet

Switzerland’s State Secretariat for Economic Affairs (SECO) published its quarterly economic forecasts report, highlighting the following:

Swiss government sees 2017 GDP growth at 1.4% vs 1.6% previous forecast in March

2017 inflation at 0.5% as prev

2018 GDP 1.9% as prev

2018 inflation 0.2% vs 0.3% prev

Swiss franc could appreciate sharply if European debt crisis flares up again or situation in banking sector worsens significantly.

Meanwhile, the USD/CHF pair flirts with daily lows of 0.9744, unfazed by SECO’s forecasts.

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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