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Economic expectations diminish marginally

ZEW-CS Financial Market Test Switzerland

(PresseBox) (Mannheim, ) Economic expectations for the next six months for Switzerland edged down slightly again in December. The ZEW-CS- Indicator dipped by 2.4 points to the 54.0 mark. This reveals the current Financial Market Test Switzerland, carried out monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS). At the same time, the assessment of the prevailing economic picture brightened up a little, with the corresponding indicator climbing by 3.3 points to the minus 42.9 level.

The lion's share (74.0 percent) of financial market experts surveyed continues to anticipate that shortterm interest rates will hold steady on a sixmonth horizon. The balance for interest rate expectations increased marginally in December, reaching the 22.0 threshold. Meanwhile, the balance for inflation expectations declined by 7.4 points and now stands at 32.6. The December survey results reveal that 59.2 percent of respondents expect inflation to rise in the coming six months.

Within the scope of this month's "special question," the financial market experts were asked to convey their forecasts for the coming new year. Regarding expectations for economic growth, the largest proportion (35.4 percent) of survey participants expect positive GDP rates ranging between 0.5 percent and 1.0 percent as the most probable scenario.

Detailed results:

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):

https://www.credit-suisse.com/upload/newslive/000000022066.pdf