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Economic Expectations Continue to Brighten Up
ZEW-CS Financial Market Test Switzerland
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.
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):
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