The Swiss are neutral, but not immune

The announcement states that SECO resorted to lowering the economic growth forecast for Switzerland due to geopolitical upheavals, especially the crisis in Ukraine, tensions in the Middle East, as well as uncertain recovery in the eurozone.
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Zurich, Photo: Shutterstock
Zurich, Photo: Shutterstock
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.
Ažurirano: 16.10.2014. 11:49h

The Swiss Secretariat for the Economy (SECO) has revised down the economic growth forecast for the current and next year.

In the forecast from June of this year, SECO announced that for 2014 it predicted a growth of two percent of the gross domestic product, and now that forecast has been revised to 1,8 percent, the Swiss newspaper "24 sata" reported.

For the next year, instead of a 2,6 percent GDP growth, the forecast was lowered to 2,4 percent.

The announcement states that SECO resorted to lowering the economic growth forecast for Switzerland due to geopolitical upheavals, especially the crisis in Ukraine, tensions in the Middle East, as well as uncertain recovery in the eurozone.

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