ZURICH: The Swiss government expects the economy to strengthen over the next two years, albeit at a slower pace than previously forecast as it revised down its forecast for growth next year citing an uncertain environment.
"The Swiss economy remained on a upwards course in 2014. However the mood indicators in the last months signal rising uncertainty in view of further economic development," economists at the State Secretariat for Economics (SECO) said in a statement on Thursday.
The SECO kept its growth forecast for 2014 unchanged at 1.8 percent, but lowered its outlook for 2015 to 2.1 percent from the 2.4 percent predicted in October. It expects growth of 2.4 percent in 2016.
It forecasts flat consumer prices this year, compared to the previous prediction for a rise of 0.1 percent made in October. It sees inflation of 0.2 percent in 2015 and 0.4 percent in 2016.
Comments
Comments are closed.