Swiss government cuts 2019 GDP growth forecast to 1.1% from 1.5%
Latest forecasts released by SECO - 14 March 2019
- 2020 GDP growth maintained at 1.7%
- 2019 inflation forecast seen at 0.4% (previously 0.5%)
- 2020 inflation forecast seen at 0.6% (previously 0.7%)
The government body attributes the downgrade to weaker global and German growth. Not really headlines that matter all too much for the swissie but just take this as general sentiment towards the Swiss economy and this can be seen as a precursor of what to expect from the SNB moving forward.