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

bond yields capacity utilisation composite pmi consumer consumption currency current account deficit depreciation domestic demand ECB economy energy energy output equities eu euro euro area ez forecasts frankfurt french gdp gdp growth growth headline inflation household consumption imports income index industrial production inflation interest rates investors July manufacturing manufacturing output March May monetary net trade pm pmi production q2 recession remain restaurants retail savings secondary income deficit sentiment September services pmi spending growth trade us wage growth yields

This publication is only available to Eurozone Economic Research (Monitor) subscribers

Related Publications

PM Datanote: U.S. ISM Manufacturing Survey, September

Global Datanote: Economic activity index, Chile, August, 2022

PM Datanote: Economic activity index, Chile, August, 2022

Are you taking full advantage of our daily publications?

Pantheon Macroeconomics produce daily publications for U.S., Eurozone, Latin America, UK and Asia, as well as analysis on key data within a few minutes of their release.