January

The KOF Economic Barometer rises at an accelerated pace in January and for the second month in a row. It nonetheless remains below its medium-term average. But the outlook for the Swiss economy at the beginning of the year is considerably less gloomy than it was in autumn last year.

The Global Barometers continue to signal a pronounced world economic slowdown at the beginning of 2023. Both indicators record a fall for the month and reach levels which – excluding the worst period of the COVID-19 crisis – have not been seen since 2009. The latest results are particularly depressed by developments of the indicators in the Asia, Pacific & Africa region.