- Analytics
- News and Tools
- Market News
- Swiss economic growth could be weaker than previously forecast – Reuters
Swiss economic growth could be weaker than previously forecast – Reuters
Swiss economic growth could be weaker than previously forecast – Reuters reports, citing comments from Switzerland's government economist.
The economist cites higher inflation and China lockdown risks for the economic downgrade.
Additional takeaways
Swiss economy will still grow substantially in 2022 as pandemic recovery continues, no risk of immediate recession.
Swiss inflation forecast could be raised.
These comments come after Switzerland's Q1 GDP rose by 0.5% QoQ in Q1 vs. +0.4% expected and 0.2% last.
Market reaction
USD/CHF was last seen trading at 0.9612, adding 0.42% on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
