Switzerland: Weaker economic momentum in 2019 - ING

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.

1. 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.
2. The economic climate is perceived to be much less favourable, which may lead to more cautious investment.
3. 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.”