Economic Expectations Continue to Brighten Up

ZEW-CS Financial Market Test Switzerland

(PresseBox) ( Mannheim, )
Economic expectations for Switzerland continued to improve in October 2009. The relevant ZEW-CS Indicator of Economic Sentiment increased by 7.0 points month-on-month, reaching the 65.0 mark. Accordingly, a majority of 67.5 percent of the financial market experts surveyed predict that the economic momentum will improve over the next six months. Only 2.5 percent expect the economy to deteriorate. This is the result of the current Financial Market Test Switzerland, carried out monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS).

The assessment of the current economic situation also improved by 7.0 points - albeit still hovering at a low level - and the corresponding balance now stands at minus 55.0 points. The overriding majority of 87.5 percent of survey participants still expect short-term interest rates to hold steady. Inflation expectations edged up just slightly in October, with a 35.9 percent share of the financial market experts anticipating higher prices on a six-month horizon. 59 percent of the respondents forecast no change in terms of inflation.

The focal point of this month's "special question" is directed on the G-20 summit meeting in Pittsburgh. Regarding the results of the summit meeting, 14.3 percent of the respondents acknowledged that their press release expectations had been fulfilled, while 54.8 percent expressed a "neutral" view and a total of 30.9 percent were disappointed. Particular interest was directed at targeted reforms of financial institutions as well as financial market regulations. A respective share of 29.6 percent of respondents acknowledged that significant results were realised in these two areas.

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/news-live/000000021995.pdf
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