SNB Warns of Global Economic Risks Amid Stronger-Than-Expected Growth

The Swiss National Bank (SNB) has announced that global economic growth was stronger than expected in the second quarter, remaining resilient overall.

In a post-policy statement, SNB's Martin emphasized that although energy prices are likely to continue weighing on economic activity, an ongoing improvement in manufacturing momentum will provide support.

The SNB also expressed concern about inflation, which is likely to remain elevated for some time due to higher energy prices. The baseline scenario remains subject to high uncertainty due to the situation in the Middle East and the trade policy environment.