FOREX TradingCharts.com

Financial News: Swiss Govt Raises Growth Forecast

Swiss Govt Raises Growth Forecast

12/19/2017 - 02:19:00 (RTTNews)

(RTTNews) - The Swiss economy is expected to grow strongly next year in the course of the global economic upturn, State Secretariat for Economic Affairs said Tuesday.

In the Winter Forecast, the federal government's expert group said the economy will make a speedy recovery over the next few quarters.

The government raised the growth projection for 2018 to 2.3 percent from 2 percent. The growth is forecast to slow slightly to 1.9 percent in 2019.

Only a moderate 1 percent expansion was anticipated for 2017 due to a weak first half of the year. Nonetheless, the growth forecast was raised from 0.9 percent.

Underpinned by oil prices, inflation in 2017 will return to normal, with an expected annual average of 0.5 percent, the SECO said. The inflation forecast was left unchanged.

The recent drop in the reference interest rate is expected to result in a fall in rents in 2018, causing inflation to decrease to 0.3 percent. The expert group expects inflation of 0.7 percent in 2019.

In September, the SECO had forecast 0.2 percent inflation for 2018.

Employment is expected to increase noticeably, with unemployment set to drop again.

The 2018 jobless rate is seen at 2.9 percent instead of 3 percent projected in September. For 2019, the rate is forecast to fall further to 2.8 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Hong Kong Jobless Rate Falls Unexpectedly (21 min(s), 06 sec(s) ago)
(RTTNews) - Hong Kong's unemployment decreased unexpectedly in the three months ended December ...Full Story»

China's Q4 GDP Growth Steady At 6.8% (02 hr(s), 29 min(s), 06 sec(s) ago)
(RTTNews) - China's economy expanded at a steady pace at the end of 2017, data from the Nation ...Full Story»

Dutch Export Growth At 5-Month High (03 hr(s), 31 min(s), 06 sec(s) ago)
(RTTNews) - Dutch export growth accelerated in November to the highest level in five months, figur ...Full Story»

Dutch Jobless Rate Remains Stable In December (04 hr(s), 0 min(s),06 sec(s) ago)
(RTTNews) - Dutch unemployment rate remained stable in December, after falling in the previous two ...Full Story»

New Zealand House Prices Rise, Sales Fall In December (04 hr(s), 15 min(s), 06 sec(s) ago)
(RTTNews) - New Zealand's house prices increased in December from a year ago, while the volume ...Full Story»

China's Home Prices Increase In Most Cities (04 hr(s), 17 min(s), 06 sec(s) ago)
(RTTNews) - House prices in majority of the Chinese cities increased in December, the National Bur ...Full Story»

Japan Nov Industrial Production Rises Less Than Estimated (46 min(s), 54 sec(s) ago)
(RTTNews) - Japan's industrial production increased less than initially estimated in November, ...Full Story»

Australia's Inflation Expectations Unchanged In January (03 min(s), 54 sec(s) ago)
(RTTNews) - Australia's inflationary expectations remained unchanged in January, survey data f ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Hong Kong Jobless Rate Falls Unexpectedly

01/18/2018 - 04:45 AM (RTTNews)
(RTTNews) - Hong Kong's unemployment decreased unexpectedly in the three months ended December ...Full Story>>

China's Q4 GDP Growth Steady At 6.8%

01/18/2018 - 02:37 AM (RTTNews)
(RTTNews) - China's economy expanded at a steady pace at the end of 2017, data from the Nation ...Full Story>>

Dutch Export Growth At 5-Month High

01/18/2018 - 01:35 AM (RTTNews)
(RTTNews) - Dutch export growth accelerated in November to the highest level in five months, figur ...Full Story>>

Dutch Jobless Rate Remains Stable In December

01/18/2018 - 01:06 AM (RTTNews)
(RTTNews) - Dutch unemployment rate remained stable in December, after falling in the previous two ...Full Story>>

New Zealand House Prices Rise, Sales Fall In December

01/18/2018 - 00:51 AM (RTTNews)
(RTTNews) - New Zealand's house prices increased in December from a year ago, while the volume ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.