Economic Expectations Decline - Assessment of the Current Economic Situation Improves
ZEW-CS Financial Market Test Switzerland
In April, the assessment of the current economic situation in Switzerland improves by 16.2 points to a considerable level of 59.1 points. Thus, the surveyed analysts clearly assess the current economic situation to be "good". This positive evaluation of the economic situation may also explain this month's decline of economic expectations. The surveyed experts seem to be convinced that the Swiss economy has already picked up speed.
Looking at the Eurozone, the experts forecast a progressing recovery. Their assessment of the current economic situation improves by 11.3 points to the minus 22.0 points-mark. Likewise, economic expectations for the Eurozone increase by 8.1 points to a level of 55.8 points.
More detailed results - including survey participants' assessment of developments in other countries - can be found in this month's edition of the "Switzerland Financial market report" (please note that the URL is case sensitive):
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 190, of which two thirds are researchers.
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