Switzerland lowered its economic growth forecast for 2015

Market news

18 December 2014

Switzerland lowered its economic growth forecast for 2015

The State Secretariat for Economic Affairs (SECO) released its forecasts for Switzerland today. Seco still expects the economic growth of 1.8% in 2014, but lowered its forecast for 2015 to 2.1% from 2.4% due to a slowdown of the economic growth in the Eurozone.

Seco forecasted the growth of 2.4% in 2016.

Unemployment rate is expected to fall to 3.2% this year, to 3% in 2015 and to 2.8% in 2016.

Seco warned that the sluggish recovery in Europe could have a negative impact on the economic growth in Switzerland.

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