Latest forecasts released by SECO - 20 March 2018

  • An upgrade from 2.3% prior
  • 2019 GDP seen at 2.0%, prior forecast 1.9%
  • 2018 CPI seen at 0.6%, prior forecast 0.3%
  • 2019 CPI seen at 0.7%, prior forecast 0.7%
  • Says that US protectionism is a risk to the global economy

As mentioned in the calendar preview, it's just a set of forecasts that accompanies the SNB ones released earlier in this month's meeting.

They are less optimistic on the trajectory for inflation next year, but apart from that not much different compared to the SNB ones - which holds more weight.

USD/CHF at 0.9519 near the highs, EUR/CHF at 1.1747 similar as well.