At 2.3 points, the CS CFA Society Switzerland Indicator has fallen significantly, reflecting a gloomier outlook for the Swiss economy that has also filtered through to the analysts’ GDP forecasts for 2021.
The second wave of COVID-19 infections is also likely to heighten the appreciation pressure on CHF, but a key rate cut is not foreseeable in Switzerland, the euro- zone or the US according to the survey participants. On the stock markets, the analysts see a low risk of turmoil, even in the event of a narrow US election result.
Read the full article (see under Research: Swiss Economy / Financial Market Survey – October 2020 (PDF)) here.
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