July
KOF Economic Barometer: Dark clouds loom over the economy
The KOF Economic Barometer declines in July for the third month in a row. After a moderate drop in the previous month, the fall is now accelerating again. The Swiss economy is likely to develop sluggishly in autumn.
KOF Monetary Policy Communicator, July 2022
The KOF MPC figure for 21 July 2022 is 0.53. At today’s meeting, the ECB’s Governing Council communicated that inflation is undesirably high.
Confirmed slowdown tendency of Global Barometers
The Global Barometers overall continue to signal a strong deceleration in world economic growth in 2022. In July, the Coincident Barometer declines for the sixth consecutive month, while the Leading Barometer continues to be 10 points below the historical mean of 100 points. The results reflect a gloomy outlook for global economic growth in the coming months.