The Swiss GDP grows slowly

The gross domestic product (GDP) of Switzerland is expected to grow by 1.1% in 2016 and 1.2% in 2017, according to the institute's estimates Lausanne Créa, which provides a + 2.1% in 2018.

The forecasts have been revised downwards: last November, the prediction indicated a progression of 1.2% for this year and 1.8% next year. On the international market, the average growth since 2000 has been clearly below average, indicating Créa. The negative trend of 2015 was prolonged in the first quarter of this year, when the world's exports decreased by approximately 8%. The price of raw materials plummeted in recent months, he has exacerbated the problem.

Swiss exports will suffer again this year because of the strong franc, at least in the industrial sector. The forecast of an increase in real exports by 0.9%. Overseas sales should bounce back more sharply from 2017, when experts predict growth of 5.9%.

As for the labor market, for the current year it is expected that the unemployment rate averaged 3.6% and 4% for next year. Also, consumer prices should regress this year by 0.7%.