RTTNews - Wednesday, the latest Financial Market Test carried out by the Center for European Economic Research in co-operation with Credit Suisse revealed that its the economic expectations index for Switzerland rose to 9.7 in June from minus 3.9 recorded in May. The indicator climbed to a positive territory for the first time since September 2006.
The indicator for the current economic situation stood at 67.7 in June, up from 66.8 in May. Similarly, inflation expectations accelerated in June, with the corresponding indicator rising by 30.5 points to the 22.6 threshold.
The largest share of financial market experts were of the view that central banks will start raising their interest rates in the first half of 2010. The survey also found half of the experts anticipate that a renewed correction is forthcoming on the heals of the current economic revival.
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