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22 Aug 2022 Eurozone Monitor The Swiss Economy won't be Unscathed by the EZ Recession

Claus Vistesen (Chief Eurozone Economist)19th Aug 2022 09:00Eurozone, Daily Monitor, Weekly Monitor

Swiss GDP likely rose by 0.5% in Q2, the same as in Q1, and more or less in line with the EZ aggregate.
The German recession will weigh on Swiss industry in H2, and consumers’ income is being squeezed.
We look for GDP growth broadly to stagnate in H2, but the SNB is still likely to hike rates further

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