Economic sentiment is turning sour in Switzerland.
In a survey by Deloitte, Chief Financial Officers say they are more worried about the situation now than they were six months ago.
Then, 22% of business leaders said they expect growth to slow – now it’s 37%.
But the authors stress that while this is a concern, it doesn’t mean a collapse in confidence.
The main worries are the current geopolitical situation, inflation, energy prices and supply chains.
Businesses expect interest rates in Switzerland to rise a further 1.3% over the next 12 months, but inflation is expected to settle at around 2.4% in 2 years time.
Voters to make major decisions this weekend
Moves to toughen juvenile justice
New Geneva school already full
Mpox infections on the rise
Possible relief for over debt
Border closures and checks start today
