Swiss Economic Expectations Turn More Pessimistic
Published
The mood in the Swiss economy has darkened. According to the UBS-CFA indicator, economic expectations have recently weakened. The indicator shows how financial experts assess economic developments in the coming months.
The indicator is compiled by UBS and the Chartered Financial Analysts Society (CFA). It is based on surveys of financial professionals. A deterioration in expectations does not automatically mean that the economy is already shrinking. However, it shows that many experts expect a weaker development.
This development is important for companies and employees in Switzerland. The economic situation influences investments, the demand for labour and the decisions of the Swiss National Bank. How the situation develops further depends, among other things, on demand from abroad and the development of prices.
The next publications of the indicator will show whether the trend continues or whether the mood brightens again.
Sources: Finanz und Wirtschaft
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