A new ordinance on Measure against by SECO – Despite continued risks, the Swiss economy remains on course for recovery
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SECO – Despite continued risks, the Swiss economy remains on course for recovery
Bern, 20.09.2016 – Economic forecasts by the Federal Government’s Expert Group – Autumn 2016* – The Swiss economy has been able to regain momentum in recent quarters. Although the Brexit referendum did lead to increased international uncertainty, it has not resulted in any major volatility on financial markets to date. The Expert Group currently anticipates a continuation of the moderate recovery in the Euro area and the rest of the world. This set of circumstances can be expected to lead to positive effects for Switzerland in the form of higher foreign trade volume and a gradual stabilisation of the economic recovery in the country. The Expert Group is therefore largely keeping to its previous assessment (from June 2016) and anticipates a GDP growth of 1.5% for full-year 2016. For 2017, the Expert Group expects an acceleration of GDP growth to 1.8%. This will likely lead to a gradual dissipation of the slight increase in unemployment that has been recorded since 2015. The unemployment rate is expected to settle at 3.3% (annual average) in 2016 and remain at this level in 2017 as well.
State Secretariat for Economic Affairs
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