SECO – Positive economic outlook continues despite tentative recovery to date June 20, 2017 at 01:49AM

A new ordinance on Measure against by SECO – Positive economic outlook continues despite tentative recovery to date
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SECO – Positive economic outlook continues despite tentative recovery to date
Bern, 20.06.2017 – Economic forecasts by the Federal Government’s Expert Group – summer 2017* – Although growth in the Swiss economy has steadily accelerated over the past two quarters, it has nevertheless fallen short of expectations. A further marked increase in economic momentum is to be expected over the coming quarters given the promising outlook for the global economy and positive leading indicators. The Federal Government’s Expert Group is therefore anticipating gross domestic product (GDP) to grow by 1.4% in 2017 (previously: 1.6%) and by 1.9% in 2018 (unchanged). Both domestic demand and Swiss foreign trade are expected to contribute to growth positively. As the economic situation brightens, the job market is also likely to continue its recovery. The Expert Group still anticipates an unemployment rate of 3.2% in 2017 and 3.1% in 2018.
State Secretariat for Economic Affairs

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