Switzerland’s Economic Progress is in Risk Due to Global Trade Discord, IMF says

According to the International Monetary Fund, the economic recovery of Switzerland may be disturbed by the rising global trade tensions, as well as the real-estate and mortgage market from the report from Swiss government on Monday.

The IMF reported that the Swiss economy has improved with 2.25 percent growth in 2018 but slightly lower from the most recent forecast from the government with an expected value of 2.4 percent.

Rising concerns on international trade and geopolitical disagreement, as well as, the Swiss real estate and mortgage sector may hinder growth. This verdict was published following the IMF’s evaluation of the Swiss economy for the month.