Swiss economy still suffering
19 March 2009
Written 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.
