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Economic Expectations Hardly Changed at all
ZEW-CS Financial Market Test Switzerland
Inflation expectations remained almost unchanged at a low level, with 61.2 percent of survey participants continuing to predict that consumer prices will decline in the medium term.
Within the scope of this month's "special question", the financial market analysts were asked to convey their assessment regarding the significance and future of bank client secrecy in Switzerland. According to the results, the analysts regard the stability of the Swiss financial realm as the greatest competitive advantage, followed by the country's international standing. The experts ranked professionalism in providing management services to wealthy clients in third place, followed by bank secrecy. Merely eleven press release percent of the respondents regard abolition of the bank secrecy laws as the most likely scenario.
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