Swiss institutional investors and analysts are anticipating a steep decline in the country’s economic conditions, according to a recent survey. This morning’s publication of the ZEW Economic Expectations index revealed a sharp downturn in market forecasts by professional investors.
The reading, which bore no prior forecast, moved from last month’s -11.5 to this month’s -24.3. The data highlights an expectation for stagnating economic conditions in Switzerland for the coming 6 months. So far the result has been a minor pull down in Swiss franc (CHF) values against several currency rivals.
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