"The latest economic surveys indicate a more positive mood on a broad front over recent months"
- Economists at the State Secretariat for Economics
Economic expectations in Switzerland soared to the three-year high in April, rebounding from previous month slowdown and continuing its race to catch up, which had started in October 2012. Data from Centre for European Economic Research (ZEW) and Credit Suisse showed that the indicator of economic expectations increases by 17.7 points to a level of 20.0 points, up from 2.3 reading in March, and reaching the highest level since May 2010. This year, the assessment of the current economic situation in Switzerland was on a stable level and in April it remained nearly unchanged, at a level of 15.0 points. Last month, the State Secretariat for Economics said that Swiss economy is now expected to expand by 1.3% this year, while projection for 2014 was raised to 2.1% from the 2% growth expected in December. Meanwhile, the fact that the number of analysts who foresee economic conditions to deteriorate over the next six months decreases for the seventh time in a row, is adding to signs that the economy is continue gaining momentum.
"The latest economic surveys indicate a more positive mood on a broad front over recent months," economists at the State Secretariat for Economics (SECO) said. "In view of the continuing stability in the domestic economy and a brighter outlook for exports, the opportunities for a further increase in economic growth during the course of this and next year look good."
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