According to Charlotte de Montpellier, economist at ING, the risks for Switzerland’s economic and monetary outlook are to the downside.
Key Quotes
“The international context could be even less favourable than expected, dragging down exports and pushing up the value of the Swiss franc.”
“The difficult negotiations with the EU on the “framework agreement” are not over yet and still bring a lot of uncertainty.”
“Federal elections will take place in Switzerland in October 2019. These could lead to a large victory of the main eurosceptic party, which would further cool relations between Switzerland and the EU. Given the current shortage of the labour force and the productivity problems in Switzerland, complicated relations between the two partners would have adverse consequences for the Swiss economy in the short- and medium-term.”
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