Turbulent Start at the Beginning of 2016 Dims Growth Outlook

ZEW-CS Financial Market Test Switzerland

Mannheim, (PresseBox) - The ZEW-CS-Indicator for the economic sentiment in Switzerland has declined markedly in January 2016 by 19.6 points to a reading of minus 3.0. The indicator has thus reached its lowest reading since July 2015, when it clocked in at minus 5.4 points. Half of the analysts surveyed expect economic growth in Switzerland to stay unchanged. Meanwhile, among the other respondents, the share of analysts who anticipate deterioration exceeds the share of those expecting to see a pickup in economic activity by only three percentage points. 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 Mannheim Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS), Zurich.

The assessment of the present state of Switzerland’s economy has worsened by 5.8 points to a net assessment balance of minus 8.5 points in January 2016.

Detailed Results:

Detailed results are published in this month's edition of the "Financial Market Report Switzerland", which also includes the survey participants' assessment of developments in other countries (please note that the link is case-sensitive): http://www.zew.de/en/publikationen/finanzmarktreportschweiz/finanzmarktreportarchivschweiz.php?year=2015&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. The institute works in the field of frontier empirical research in economics and maintains important scientific data bases, e.g. the Mannheim Innovation Panel (MIP) and the ZEW Start-up Panel. ZEW is integrated into an extensive international network of universities and research institutions. ZEW's key objectives are to conduct excellent economic research, provide science-based economic policy advice and transfer knowledge. ZEW was founded in 1991 and employs a staff of approximately 190, two thirds of whom are researchers.

Research at ZEW:

Labour Markets, Human Resources and Social Policy; Industrial Economics and International Management; Information and Communication Technologies; International Finance and Financial Management; Environmental and Resource Economics, Environmental Management; Corporate Taxation and Public Finance; International Distribution and Redistribution; Competition and Regulation

www.zew.de / www.zew.eu

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