Charlotte de Montpellier, economist at ING, suggests that for 2019, they are expecting a decline in Switzerland’s GDP growth and foresee it to be around 1.3%.
Key Quotes
“The expected decline is attributed to several elements.
- There are no large-scale international sporting events planned for 2019, so advertising revenues from television broadcasts will not boost GDP, as was the case in 2018.
- The economic climate is perceived to be much less favourable, which may lead to more cautious investment.
- The international situation is much less positive than in 2018. The eurozone, the United States and China could see a serious slowdown in economic activity in 2019. This slowdown will not allow Swiss exports to perform as well as in recent years.”
Share
