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Preissenkungen haben Einbruch abgefedert – Abwertung hellt Aussichten auf

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Abstract

This text contains the autumn forecast 2015 of the KOF Swiss Economic Institute at ETH Zurich, released on 1 October 2015. The first part discusses recent economic developments abroad and in Switzerland, and presents the main forecast results across the various sectors of the economy. In the second part, detailed forecasts for Switzerland follow, split up into the main demand components of GDP. We expect the Swiss economy to grow by 0.9% in 2015, 1.4% in 2016 and 1.8% in 2017, respectively, representing a small upward revision compared with our last forecast from June 2015. In particular, the positive economic development in Europe and the depreciation of the Swiss franc during the second half of 2015 are specified as reasons for this adjustment. The negative price developments during the first half of 2015 are also newsworthy, as both the general price level and sales prices in certain sectors are falling.

Suggested Citation

  • Klaus Abberger & Yngve Abrahamsen & Florian Chatagny & Andreas Dibiasi & Anne Kathrin Funk & Michael Graff & Florian Hälg & Jochen Hartwig & David Iselin & Heiner Mikosch & Stefan Neuwirth & Alexander, 2015. "Preissenkungen haben Einbruch abgefedert – Abwertung hellt Aussichten auf," KOF Analysen, KOF Swiss Economic Institute, ETH Zurich, vol. 9(3), pages 1-106, October.
    • Handle: RePEc:kof:anskof:v:9:y:2015:i:3:p:1-106
    DOI: 10.3929/ethz-a-005427569
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    Keywords

    Switzerland; business cycle; macroeconomic forecast;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • F01 - International Economics - - General - - - Global Outlook

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