19/3/2009
By Sophie Baker
The prospects for the Swiss economy have changed marginally in the latest Financial Market Test Switzerland, conducted by Credit Suisse in cooperation with the Centre for European Economic Research (ZEW).
The Credit Suisse ZEW indicator of economic expectations crawled up by a mere 0.6 points to the -57.1 mark, and 65.3 per cent of financial market experts forecast further deterioration of the economic environment over the next six months.
The indicator by which the current economic situation is assessed also continued to worsen in March, falling by 11.8 points and inflation levels remained almost unchanged and 61.2 per cent of survey participants predict that consumer prices will decline in the medium-term. In addition, 68.1 per cent of analysts said they expect to see no change in short-term interest rates.
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