Latest Swiss govt forecasts now out 20 Sept 2016
- 2017 GDP forecast unchanged at +1.8%
- 2016 inflation forecast unchanged at -0.4%
- 2017 inflation forecast unchanged at +0.3%
- 2016 and 2017 unemployment rate lower at 3.3% vs 3.4% prev
Swiss economic momentum to pick up as Eurozone recovers say the State Secretariat for Economic Affairs (SECO)
"As long as this situation continues, there is a good chance that the negative economic effect of a Brexit will remain largely limited to the UK itself and will have only a moderate impact on Continental Europe and other regions around the world,"
The forecasts follow the Swiss National Bank's assessment last week, when it said it expected a continuation of Switzerland's economic recovery during the rest of 2016, albeit at a lower level during the second half of the year.
For 2016, the SNB said it expected growth of 1.5% with a gradual improvement in the Swiss labour market.
USDCHF drifting back toward 0.9800 but going nowhere in a hurry. Similarly EURCHF at 1.0953
