Navigation

Economic growth seen to be slowing

The leading growth barometer of the Swiss Economic Institute KOF has fallen to a two-year low, dropping to 1.65 points in February.

This content was published on February 29, 2008 - 16:01

The decrease was widely expected as the economy loses some steam. The indicator still shows that economic growth will remain robust this year, supported by consumption as exports slow.

The KOF indicator, which points to the economy's likely performance in six months, was at 1.85 in December and 1.75 in January.

The Swiss franc rose against the dollar and the euro after the data were released.

Analysts say the Swiss National Bank is unlikely to drop its main interest rate at its meeting in March, despite the perspective of an economic slowdown and rate cutes in the United States.

This article was automatically imported from our old content management system. If you see any display errors, please let us know: community-feedback@swissinfo.ch

Share this story

Join the conversation!

With a SWI account, you have the opportunity to contribute on our website.

You can Login or register here.