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2010.09.2005:48:00UTC+00Switzerland's KOF institute expects 2010 GDP growth at 2.7pct

News

  • Switzerland's KOF raised its growth forecasts for the Swiss economy for 2010 and 2011, predicting a moderate slowdown in 2011 as the strong Swiss franc was hitting exporters.
  • KOF sees 2010 GDP growth at 2.7pct vs previous forecast of 1.8pct.
  • The 2011 GDP growth is forecasted to be 1.8pct vs previous forecast of 1.6 pct.

Background

  • Last week, the Swiss National Bank warned against a marked economic slowdown next year, predicting growth of around 2.5 pct for 2010. 

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