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Expectations Deteriorate Further

ZEW-CS Financial Market Test Switzerland

(PresseBox) (Mannheim, ) The ZEW-CS-Indicator dropped by 7.7 points to minus 72.0 points in December 2011. The ZEW-CS Indicator is calculated monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS). The indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon.

The indicator for the assessment of the current economic situation also continued to follow its downward trend. The balance for the assessment recorded deterioration by 15.2 points to the minus 20.0 threshold. The indicator for inflation expectations increased. It now stands at the minus 6.0 point level. 70 per cent of the surveyed experts expect a steady level of inflation.

Zentrum für Europäische Wirtschaftsforschung GmbH (ZEW)

ZEW is one of Germany's leading economic research institutes and enjoys a strong reputation throughout Europe. ZEW has distinguished itself by analysing internationally comparative issues in the European context and creating data bases important for scientific research, e.g. Mannheim Innovation Panel (MIP), ZEW Start-Up Panel. ZEW's key objectives are conducting economic research, providing economic policy advising and transferring knowledge. ZEW was founded in 1990 and currently employs a staff of 180, of which two thirds are researchers.

Research at ZEW:

International Finance and Financial Management; Labour Markets, Human Resources and Social Policy; Industrial Economics and International Management; Corporate Taxation and Public Finance; Environmental and Resource Economics, Environmental Management; Information and Communication Technologies; Growth and Business Cycles.

www.zew.de / www.zew.eu

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