For 2020, the forecast to +1.7 percent from +1.8 percent, as the Institute announced on Monday.

The state Secretariat for economic Affairs (Seco) reported last week, for the first quarter of 2019, a surprisingly strong economic growth of 0.6 percent. A number of positive developments have led to this broad-based growth, notes BAK Economics. However, the international environment had changed for the worse.

The most disturbing factor in the further aufschaukelnde trade dispute between the United States and China, the ausbremse increasingly the real economy. Due to the numerous points of dispute is not expected before 2020, with significant progress in the trade dispute. So far for the second half of 2019, the expected acceleration of world trade, displacement, therefore, in the coming year.

Switzerland will feel the weaker development of the world’s trade already, explains BAK. Proof of this is the significant decline in the purchasing managers ‘ index (PMI) for the industry in recent months. In may, the Index improved slightly by 0.1 points to 48.6 points, but remained clearly below the growth threshold defined threshold of 50 meters.

in view of the subdued economic Outlook and the increased uncertainty BAK has also adjusted its forecast for the monetary policy. New, the experts expect that neither the ECB nor the SNB will raise interest rates before 2021.

economic growth in Switzerland accelerated in the coming year to 1.7 per cent, is not due to, according to the BAK of the economy. Rather, the license would “flow” by 2020, revenue from large-scale sports events like the football world Cup and the summer Olympic games.

Switzerland is home to the world football Federation FIFA and the International Olympic Committee. This should give the GDP an extra increase of 0.2 percentage points. Excluding sporting events, the economic research office expects growth of 1.5 per cent in 2020

(SDA)