The Swiss economy is in good health – despite a dip in the third quarter of this year – and is set for continued growth, according to government economists.
Swiss economic growth slowed to a crawl at the end of 2013, official data showed on Thursday, amid concern that the strong Swiss franc and recent vote limiting immigration from the EU might further hamper the country's economy.
<p>The Swiss government on Thursday revised its 2012 growth forecast slightly higher to 0.8 percent, while pointing to signs of improvement in the eurozone debt crisis.</p>
<p>The Swiss government on Tuesday cut its 2012 growth forecast to 0.5 percent from 0.9 percent, as the eurozone crisis was expected to accelerate a slowdown in the country's economy.</p>
<p>The Swiss central bank kept its key interest rate and 2011 growth forecast unchanged on Thursday, but warned that "downside risks predominate."</p>
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<p>The Swiss government on Tuesday cut its growth forecast for 2012, saying the strengthening Swiss franc has brought new risks.</p>
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<p>The Swiss economy expanded 0.3 percent in the first quarter of 2011, slowing from the previous quarter when growth reached 0.8 percent, the economy ministry said Tuesday.</p>
<p><span style="font-family: arial, sans-serif; border-collapse: collapse; font-size: small;">The Swiss economy grew 2.6 percent in 2010, reversing a contraction of 1.9 percent in 2009, the economy ministry said on Tuesday.</span></p>
