Swiss economy hopes to grow by 3.5% in 2021

The Switzerland Central bank proclaimed the prognosis amendment of the current year GDP increment. The regulator now expects the country’s economy to end 2021 with a 3.5% GDP increment. In September, the bank prognosis economic increases of 3%. The Swiss central bank also released its prognosis for 2022 for the first time. He accepts that following year the national GDP will show an increase of 3%. In line with the bank’s forecast, the current year ends with inflation of 0.6%, which is 0.1 percentage points higher than its prior prognosis. In 2022, the price growth rate will expedite to 1% due to the rise in fuel prices and the persistence of supply circumstances. The bank predicts a slowing in inflation in 2023 to 0.6%. A regular session of the Switzerland’s Central Bank took place the day earlier. Its results did not come as a surprise to the trading. The bank kept its current level key rate minus 0.75%. At the same time, the Central Bank said in a statement that it is ready to take measures in the event of a weakening of the national currency.

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Arseny Kudrin

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