Market Outlook 2016 - Switzerland

Daniel Hayek shares his opinion on the outlook in the Swiss Market. Given that the international economy should improve gradually, he anticipates a moderate acceleration in economic growth in Switzerland over the next year. In view of this rather slow economic upturn, this year, the unemployment rate may slightly rise from the 3.3 percent recorded in 2015, but should start falling again in 2017. Turmoil on the global financial markets has led to excess capital inflow in Switzerland and pushed sovereign bond yields in Switzerland into negative territory. It is to be expected that until the end of 2016 or early 2017 Swiss bond yields will be positive again.