Switzerland's economic expectations strengthened notably to the highest since May 2010, a monthly survey prepared by the Centre for European Economic Research in cooperation with Credit Suisse showed Wednesday.
The ZEW-CS Indicator of economic expectations increased 17.7 to 20 points in April. The indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon.
A share of 60 percent of analysts still forecasts a stable economic development over the coming six months.
The indicator for current economic situation remains nearly unchanged at 15 points in April. Three out of four survey participants consider the current economic environment as "normal".
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