Rebounds set to falter; SNB navigating sub-zero life

With further easing by the ECB set to arrive next month, or even sooner, we expect FX interventions to remain Swiss policymakers’ first line of defence. Next week, GDP data from Norway will confirm that mainland output rebounded in Q3, although the backdrop of new national lockdowns in Europe means that we now expect the recovery to shift into reverse in Q4.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.