Switzerland’s economy is set to keep growing, but at a slower pace according to latest monthly data, analysts from the Swiss Economic Institute (KOF) said on Friday. “The upwards dynamic of the KOF Economic Barometer that was observed in the recent months is decelerating,” the institute said in a statement, adding that annualised gross domestic product (GDP) growth “should remain positive during the next few months.” In September, the KOF index showed that the Swiss economy had reached 1.67 points, up 0.08 points from August’s figure. Its data — calculated after contacting around 7,000 businesses — supports the recent release of lower GDP forecasts by the Swiss National Bank which expected growth to fall to 1.0 percent from 1.5 percent for 2012. The State Secretariat for Economic Affairs (Seco) also expects the same depressed level of growth, having downgraded its 2012 forecasts from 1.4 percent announced in June. Unemployment, meanwhile, is set to rise to 2.9 percent of the workforce by the end of the year and reach 3.3 percent in 2013, Seco said.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor