Switzerland’s State Economic Secretariat (SECO) with their latest forecasts
– 2017 GDP +1.8% vs +1.9% prev (Dec)
– 2016 CPI -0.6% vs -0.1% prev
– 2017 CPI +0.2% vs +0.2% prev
It’s not just the UK that’s cutting growth and inflation forecasts as the world continues to receive a reality check. Yellen’s dovish tones were justified and appropriate given the on-going uncertainty both at home and abroad.