Switzerland's Economic Outlook Remains Stable

ZEW-CS Financial Market Test Switzerland

Mannheim, (PresseBox) - Gaining a modest increase of 0.4 points, economic expectations for Switzerland stay almost unchanged in May 2014. The ZEW-CS Indicator's reading of 7.4 points suggests a stable economic development in Switzerland in the next six months. 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).

However, the current economic situation in Switzerland is evaluated more pessimistically compared to the previous survey. The respective indicator has dropped by 10.3 points to 48.8 points in May. The economic situation is gauged to be "normal" or "good" by about half of respondents respectively.

Analysts' evaluation of the Eurozone deteriorated in May. The assessment of the current economic situation in the Eurozone has worsened by 8.8 points to a level of minus 30.8 points. Economic expectations for the Eurozone have decreased slightly by 3.3 points reaching a still considerable reading of 52.5 points indicating that the financial analysts still expect a recovery in the Eurozone within the next six months.

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): http://www.zew.de/en/publikationen/finanzmarktreportschweiz/finanzmarktreportarchivschweiz.php?year=201 4&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; Competition and Regulation; International Distribution and Redistribution.

www.zew.de / www.zew.eu

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