One indicator for the Swiss economy fell deep into negative territory in March due in large part to the conflict in the Middle East. + Get the most important news from Switzerland in your inbox The so-called UBS CFA indicator slumped to -35.0 in March from +9.8 points in February, as UBS economists announced on Wednesday. The big bank compiles the indicator, which is based on a survey of experts, together with the CFA Society Switzerland every month. At the current level, the indicator signals a pessimistic outlook for the Swiss economy over the next six months, according to the press release. In recent history, similar declines have been observed following the tariff shocks last April and August. Now the Middle East crisis is weighing on sentiment. Join the debate: The index level results from the balance of analysts who expect a positive (10%) or negative (45%) change in the economic situation over the next six months – with the number of optimists halving and the number of ...
