September

The KOF Economic Barometer declines for the fourth time in a row in September and now stands at 110.6 points. However, the Barometer remains above its long-term average. The recovery of the Swiss economy in the wake of the pandemic is thus slowing somewhat but is likely to continue in the upcoming months.

In September, the Global Economic Barometers maintain their weakening tendency that started in July, reflecting the slowdown in world economic growth in the second half of 2021. Despite the fall, the indicator levels remain high and compatible with the continuity of the current phase of recovery of the world economy.

The KOF MPC figure for 9 September 2021 is 0.39. At today’s meeting, the ECB’s Governing Council confirmed the need for an accommodative monetary policy stance.

In August, KOF and Switzerland’s Neue Zürcher Zeitung (NZZ) newspaper surveyed economists at Swiss universities on the so-called ‘99 per cent Initiative’ and the associated inequalities of income and wealth.