We have cut our forecast for Swiss GDP growth this year to a below-consensus 1.0%. This leaves us broadly in line with the government’s recently-revised forecast for 2019, but we think its forecast for GDP growth in 2020 is too optimistic. Meanwhile, the pick-up in core inflation in Norway in February bucked a trend of otherwise subdued inflation pressures in the rest of the Nordics. The Norges Bank is almost certain to raise interest rates to 1.00% at its policy meeting next week, but we suspect that rates will then be kept on hold until mid-2020.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services