GenevaLunch » GDP

SNB’s word awaited on strong franc, but impact on investment clearer

Ellen Wallace — Wed, 14 Dec 2011 19:33:27 +0000

GenevaLunch.com ZURICH, SWITZERLAND – Markets let the Swiss franc slip slightly Wednesday 14 December while awaiting news from the Swiss National Bank 15 December, which will share its monetary policy assessment in the morning. Some analysts are predicting the central bank will raise the cap from CHF1.20 to the euro to CHF1.25 or higher, to help [...]

SNB’s word awaited on strong franc, but impact on investment clearer © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Swiss gov’t's GDP growth rate for 2012 falls, jobless rate to rise

Ellen Wallace — Tue, 13 Dec 2011 08:50:18 +0000

GenevaLunch.com BERN, SWITZERLAND – The Swiss Secretariat for the Economy, Seco, has revised downward its GDP growth projections for 2012, from 0.9 percent forecast in September to 0.5 percent, following a trend set by major banks’ and others’ research departments. A major impact will be a significant rise in unemployment, Seco notes. The jobless rate is [...]

Swiss gov’t's GDP growth rate for 2012 falls, jobless rate to rise © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Credit Suisse pushes Swiss GDP forecast down sharply

Ellen Wallace — Thu, 24 Nov 2011 16:11:42 +0000

GenevaLunch.com ZURICH, SWITZERLAND – Credit Suisse Thursday pushed its GDP growth forecast down sharply, from 2 percent to 0.5 percent, for 2012. The bank points to the euro crisis, which “continues to weigh on markets, with economic momentum in Europe fading unexpectedly quickly.” Switzerland will be hurt by the fall in exports due to “decidedly gloomier” [...]

Credit Suisse pushes Swiss GDP forecast down sharply © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Partial unemployment to get bulk of gov’t CHF870m to fight high franc

Ellen Wallace — Wed, 21 Sep 2011 14:11:16 +0000

GenevaLunch.com BERN, SWITZERLAND – The two houses of parliament have given the green light to government measures to fight the high franc, with the lower house Wednesday approving the Federal Council’s CHF870 million project. The bulk of the funds will go to help companies cover the cost of partial unemployment that is likely to rise as [...]

Partial unemployment to get bulk of gov’t CHF870m to fight high franc © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Swiss energy use up 4.4% in 1 yr, renewable sources favoured

Ellen Wallace — Tue, 28 Jun 2011 10:56:39 +0000

GenevaLunch.com BERN, SWITZERLAND – Switzerland consumed 4.4 percent more energy in 2010, including a 4 percent increase for electricity, says the Swiss Federal Energy Office. Three main factors contributed to the rise, it notes in a statement issued Tuesday 28 June: continuing population growth, economic growth with industrial consumption up, and colder weather than usual during [...]

Swiss energy use up 4.4% in 1 yr, renewable sources favoured © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Japan now officially in recession

Ellen Wallace — Thu, 19 May 2011 05:36:12 +0000

GenevaLunch.com GENEVA, SWITZERLAND – Figures issued Thursday 19 May by the Japanese government show that after struggling in the post-earthquake weeks, the country’s economy has now slipped officially into recession, often defined by economists as two quarters running of falling GDP. Real GDP (gross domestic product) was down 0.9 percent for the first quarter, or 3.7 [...]

Japan now officially in recession © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Rough day for Europe: debt stats out, Schengen reforms demanded

Ellen Wallace — Tue, 26 Apr 2011 16:43:31 +0000

GenevaLunch.com Geneva, Switzerland (GenevaLunch) – The European Union’s frayed edges were showing Tuesday 26 April as governments and their citizens absorbed the newly published figures for sovereign debt and deficits, some worse than expected, while Italy and France called for reforms of Schengen rules in the face of massive immigration from North Africa. Eurostat, the statistical [...]

Rough day for Europe: debt stats out, Schengen reforms demanded © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Swiss GDP to grow by 2%, monetary policy remains expansionist

Ellen Wallace — Thu, 17 Mar 2011 09:31:26 +0000

GenevaLunch.com Zurich, Switzerland (GenevaLunch) - Switzerland’s GDP has been revised upward for 2011, the Swiss National Bank (SNB) announced 17 March, in a relatively upbeat forecast with summary of economic conditions. Swiss economic recovery “more dynamic” than anticipated “In spite of the marked appreciation of the Swiss franc, the economic recovery in Switzerland recently proved to [...]

Swiss GDP to grow by 2%, monetary policy remains expansionist © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Estonia joins eurozone

Ellen Wallace — Sat, 01 Jan 2011 11:33:19 +0000

GenevaLunch.com Estonia 1 January became the 17th nation to adopt the euro as its currency, with Prime Minister Andrus Ansip taking cash out of an automatic teller machine as the changeover took place. It is the only former Soviet Union country that is part of the zone. Its GDP of 14 billion euros makes it the [...]

Swiss national debt continues to fall, as neighbours’ debts rise

Ellen Wallace — Thu, 09 Dec 2010 13:09:34 +0000

GenevaLunch.com Bern, Switzerland (GenevaLunch) - The Swiss federal finance department, in publishing 9 December its calendar of government bonds issuance for 2011, noted that it will pay back CHF0.6 billion next year, as part of its ongoing national debt reduction programme, in contrast to the heavy debt burdens of many of its European neighbours. If more [...]

Swiss national debt continues to fall, as neighbours’ debts rise © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.