Switzerland's economic outlook for 2011 and 2012 is good, according to a report released by the Swiss Economic Institute (KOF) on Wednesday.This content was published on March 9, 2011 - 14:51
Based on input solicited from economists, the institute predicts GDP growth at a rate of two per cent for 2011. The overall expected growth is 1.9 per cent – slightly higher than the figure estimated in December.
Meanwhile, construction and equipment investments are expected to increase by 3.6 per cent.
The KOF Consensus Forecast says that pressure on the Swiss franc in comparison with the euro will remain. It predicts that in three months’ time, one franc will be worth €1.29 or $0.95.
The report also sees positive prospects for 2012. Exports are expected to go up by 4.3 per cent, while consumer prices are likely to rise by 1.4 per cent.
KOF is part of the Federal Institute of Technology in Zurich.
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