Economic sentiment is turning sour in Switzerland.
In a survey by Deloitte, Chief Financial Officers say they are more worried about the situation now than they were six months ago.
Then, 22% of business leaders said they expect growth to slow – now it’s 37%.
But the authors stress that while this is a concern, it doesn’t mean a collapse in confidence.
The main worries are the current geopolitical situation, inflation, energy prices and supply chains.
Businesses expect interest rates in Switzerland to rise a further 1.3% over the next 12 months, but inflation is expected to settle at around 2.4% in 2 years time.
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