FXstreet.com (Barcelona) - The assessment of the economic outlook of Switzerland has turned a bit darker in December, while the sentiment of the current economic situation seems to be somewhat brighter than in November, according to the latest financial market test by the ZEW Institute.
The economic expectations index has declined to -29.7 in December from -28.9 in November, while the current situation index improved by 4.5 points to 87.2.
The majority participants share the opinion that interest rates will remain steady for the next six months, while 40.4% expect a rate hike on the aforementioned period. Regarding the Swiss economic growth, the participants forecast an economic growth between 1.6% and 2.3% for the 2009 year. Inflation will grow on rates between 1.1% and 1.5% in 2009 according to the survey.