USA: the forecast economic slowdown is not yet reflected in the data. Eurozone: services sector continues to gain momentum while industry is weakening. China: official GDP figures for Q1 confirmed the expected consumption-driven recovery.
Chart of the month
Consensus Economics, the world’s leading provider of macroeconomic forecast surveys, presents an annual award for the best economic forecast. With the 2022 forecasts for Switzerland, the research team at Swiss Life Asset Managers is at the top of the podium of the Forecast Accuracy Award for the fifth time in recent years. Looking back on the challenging year 2022 shows that our processes for estimating GDP growth for Switzerland are working. The chart shows the historical development of forecasts for GDP growth in Switzerland between January 2021 and December 2022.