Swiss economic outlook improves
The six month economic outlook for Switzerland has improved significantly, according to the latest survey conducted by the ZEW institute in cooperation with Credit Suisse.
The poll, conducted among analysts in Switzerland, revealed that compared to the previous month, the index rose from -5.4 to +5.9 basis points.
The assessment of the current economic climate improved similarly, with 70% of respondents describing the situation as normal, 6% as good and just 24% as bad, an improvement from -21.6 to -17.6 basis points compared to the previous month.
Moreover, despite the challenging environment for the Swiss exchange rate over the past six months, 60% of respondents now expect the exchange rate between the Euro and Franc to remain stable, only 12% of respondents anticipate further appreciation of the Franc.