The research team at Swiss Life Asset Managers has won the “Forecast Accuracy Award 2023” for Switzerland. The award honours the best GDP and inflation forecasts every year.
Consensus Economics, the world’s leading macroeconomic forecast survey firm, today announced the winners of the 2023 Forecast Accuracy Awards. Each year, this firm selects the best forecasts for GDP growth and inflation. Swiss Life Asset Managers has received the award for Switzerland for the sixth time in nine years. For its evaluation, Consensus Economics compares the estimates from around 20 participating institutes.
2023 GDP Switzerland growth forecast and actual result
Marc Brütsch, Chief Economist, Swiss Life Asset Managers, says: "This award confirms our approach to macroeconomic analysis. We are convinced that our analyses create added value for our portfolio management teams as well as for our advisors and customers. We anticipated subdued GDP growth at an early stage in our forecasts and stuck to this belief – even when we were still significantly below the consensus in 2022."
2023 inflation Switzerland growth forecast and actual result
Outlook for 2024
For 2024, Swiss Life Asset Managers expects the global economy to reach a cyclical low by mid-year. For Switzerland, this means a recovery in manufacturing order intake and an expected growth in gross domestic product of 1.2%. As at the beginning of April 2024, the forecast for the average inflation rate was 1.2%.