Economic crisis in Switzerland: already in 2020?
Rumours are spreading about a possible economic crisis as early as next year. Indeed, it may be that the end of an economic cycle is approaching since the 2008 financial crisis. But what about it?
In Switzerland, although UBS and Credit Suisse economists are forecasting a decline in their country's growth forecasts for 2019, they consider it highly unlikely that Switzerland will fall into recession. In a press release, the specialists stressed that "The Swiss economy cannot escape the global industrial slowdown". Nevertheless, it will be supported by strong private consumption and low interest rates that will support the construction sector.
On the other hand, other specialists are less optimistic and are drawing a bleaker future for the Swiss economy, among them Professor Cedric Tille. Discover his interview given on CNN money on August 19. According to him, the risk is there!
Interview of Cédric Tille
Press release of Crédit Suisse
Below, here are some additional links to articles on this subject that might interest you as well:
Article of SFR
Article of NZZ
Article of Le Temps