Press Releases
All stories that have been tagged with Inflation
Global economic weakness hampering Swiss economy
Press release
For 2024, KOF is forecasting a 1.2 per cent increase in gross domestic product (GDP) adjusted for sporting events. The sluggish global economy and declining investment in particular are slowing the growth of the Swiss economy. The outlook for 2025 is more positive, with a growth rate of 1.8 per cent in sport-adjusted GDP being forecast.
Domestic economy providing support; foreign trade weakening
Press release
The Swiss economy is currently characterised by two opposing trends. On the one hand, private consumption and the robust labour market are supporting the domestic economy. On the other, the weakness of the global economy is weighing on the export-driven Swiss economy. All in all, KOF expects real gross domestic product (GDP), adjusted for major sporting events, to increase by 1.2 per cent this year and by 1.5 per cent next year.
Economists surveyed by KOF and NZZ expect to see normalisation of interest-rate policy
Press release
In March, KOF and the Neue Zürcher Zeitung (NZZ) newspaper surveyed 110 economists at Swiss universities on their assessments of inflation and monetary policy in Switzerland. More than half of these respondents reckon that the key interest rate will be positive in the next five years. An interest-rate move by the SNB is not expected until the ECB has raised its key rate.
KOF’s economic forecast, spring 2022: Swiss economy holds up well despite war in Ukraine
Press release
According to KOF’s economic forecast, the Swiss economy will grow by just under 3 per cent this year – but only in the favourable scenario. If the Ukraine crisis spreads and all Russian energy and commodity exports to the EU and other regions are discontinued, the Russian trade in oil is withdrawn from Switzerland and the Swiss franc appreciates significantly, GDP growth of only 1 per cent would remain in 2022.