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(Bloomberg) -- The Swiss economy is set to gain pace, according to the government’s economists. 

“The stable and broad-based global economic upturn is providing good momentum,” the State Secretariat for Economic Affairs said in statement on Tuesday, adding that leading indicators suggested that the fast rate of growth would probably continue both at home and abroad. It “therefore expects the Swiss economy to flourish over the coming quarters.”

While the franc has dropped against the euro this year, the group of experts said geopolitical risks such as North Korea or the Brexit negotiations could cause investors to pile back into the Swiss currency, stymieing exports.

To contact the reporter on this story: Catherine Bosley in Zurich at cbosley1@bloomberg.net.

To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Zoe Schneeweiss

©2017 Bloomberg L.P.

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