Economic Expectations Stay Positive
ZEW-CS Financial Market Test Switzerland
The ZEW-CS Indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon. It is calculated monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS).
The indicator assessing the current economic situation in Switzerland also paints a positive picture: Half of the surveyed financial market experts evaluate the current economic environment as "good", half of them as "normal". The respective indicator thereby reaches a level of exactly 50.0 points. The assessment of the current economic situation in Switzerland has not been better since July 2011.
Expectations for the equity markets also recovered after suffering somewhat in the previous month. Although this month's reading of 48.8 points is not yet back at November's level of 54.1 points, the prospects for the Swiss equity market remain good. It seems that the initial tapering scare is digested.
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): http://www.zew.de/en/publikationen/finanzmarktreportschweiz/finanzmarktreportarchivschweiz.php?year=201 3&submit=Los&si=FMCH
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.
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; Competition and Regulation; International Distribution and Redistribution.
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