New Country Reports market report from Business Monitor International: "Switzerland Business Forecast Report Q2 2014"
Boston, MA -- (SBWIRE) -- 02/18/2014 -- Switzerland's growth trajectory over the medium term will be increasingly powered by consumer spending, with the potential for the government to step in and boost growth in the event that the situation in the eurozone puts a sharp break on Swiss growth.
The Swiss National Bank has set a ceiling on the Swiss franc's value versus the euro in the face of substantial appreciatory pressures resulting from the eurozone sovereign debt crisis. This will help to protect the country's export sector from a severe loss of competitiveness and thereby limit the impact of external turbulence on near-term economic growth. However, the massive scale of the monetary easing involved in such foreign exchange intervention could dramatically inflate property prices if maintained into the medium term.
Major Forecast Changes
There are no major forecast changes this wave.
Key Risks To Outlook
Upside Risks To Real Growth Forecasts: With the eurozone crisis on the backburner, the risks to our forecasts have tilted to the upside.
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