The FINANCIAL ? Zurich, July 21, 2011 According to the latest Credit Suisse ZEW
Indicator, economic expectations for Switzerland have diminished significantly.
The
indicator plunged by 34.
6 points to the -58.
9-point mark in July, thus reaching its
lowest...
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The FINANCIAL ? Zurich, July 21, 2011 According to the latest Credit Suisse ZEW
Indicator, economic expectations for Switzerland have diminished significantly.
The
indicator plunged by 34.
6 points to the -58.
9-point mark in July, thus reaching its
lowest level since the beginning of 2009.
The indicator for the assessment of the
current economic situation also recorded a sharp drop, falling by 17.
4 points to
the 52.
9-point threshold.
The respective balances for inflation as well as interest
rate expectations also registered much lower readings in July.
The indicator for
the inflation outlook decreased by 27.
0 points, with merely 23.
5% of the financial
market experts surveyed predicting that inflation rates will advance in the coming
six months.
The balance for expectations regarding the short-term interest rate
environment lost ground by 30.
5 points to the 18.
2-point level.
At the same time,
however, a greater share (55.
9%, up 15.
4 percentage points) of analysts in this
m
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