Latest forecasts released by SECO - 18 December 2018
- 2018 GDP growth seen at 2.6% (previously 2.9%)
- 2019 GDP growth seen at 1.5% (previously 2.0%)
- 2020 GDP growth seen at 1.7%
- 2018 inflation seen at 1.0% (previously 1.0%)
- 2019 inflation seen at 0.5% (previously 0.8%)
- 2020 inflation seen at 0.7%
The prior forecasts in September can be found here. As mentioned in the data docket preview, they are very much expected to cut the growth and inflation outlook and they did. The projections here aren't too surprising as the SNB also lowered their outlook on both fronts last week here.
The central bank's forecasts are what matters more so this is very much just supportive data to that. USD/CHF sits at 0.9935 currently, still stuck in a narrow range for the day. EUR/CHF at 1.1268, likewise.
