If China´s growth engine sputters, the Swiss economy is also affected
(WorldNews Switzerland)

Credit Suisse has revised its forecast for Swiss economic growth in 2019 downwards from 1.7% to 1.5%. With the slowdown in the global economy, a strong phase of growth in Swiss exports is coming to an end. Meanwhile, private consumption remains comparatively solid, partly because immigration is picking up again. The Swiss National Bank is likely to wait until at least mid-2020 before moving to raise key interest rates. Credit Suisse economists also point out in the current issue of `Monitor Switzerland` that the Swiss economy is more exposed to China than might be apparent at first glance. It is therefore an illusion to believe that Switzerland`s economy will be immune to any sharper...