SWITZERLAND

摘要

1.2020 GDP forecasts have stabilised this month as experts await the size of the GDP contraction in Q2 (available August 27). Consumer confidence has recovered significantly from April's trough, but uneaseover job security has curbed the appetite for major purchases. The unprecedented nature of the global recession has blighted external demand, a key source of Swiss growth.2.Consumer prices dropped by -0.9% (y-o-y) in July, a sixth successive month of decline. With interest rates already below zero, the Swiss National Bank has relied on FX interventions to limit currency strength and defend price stability.