Switzerland lowers growth forecasts

GENEVA: Switzerland has lowered its growth forecast for 2014 from 2.0 to 1.8 percent, the wealthy Alpine nation's statistics agency said on Thursday.

The State Secretariat for Economic Affairs, or SECO, also revised down its growth forecast for 2015, from 2.6 to 2.4 percent, suggesting that while Switzerland has survived years of European financial turmoil relatively unscathed, weakness in the eurozone has begun to rub off.