Pessimistic analysts face the war and the rise in rates

The morale of analysts remained tarnished in May by the war in Ukraine, the sanitary confinements in China and the tightening of monetary policies. A majority (58%) of specialists expects an economic slowdown over the next six months.

Unveiled on Wednesday, the index compiled by Credit Suisse and the CFA company thus stood at -52.6 points during the month under review, down one point compared to April, the authors of the study said on Wednesday. in a press release.

On the other hand, economic expectations for the euro zone and Switzerland have improved, as fears of an abrupt interruption in Russian gas deliveries have diminished.

Over a six-month horizon, major headwinds are expected on the inflation side, followed by war, monetary policies and logistical issues.

For 2023, fears of a recession have increased in the opinion of analysts, especially in the euro zone. Due to soaring energy prices and the war in Ukraine, half of the specialists surveyed expect a recession in the European monetary union in 2023, once morest only 25% in Switzerland, 33% in the United States and 30% in China.

/ATS

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