Navigation

Swiss economy faces slowdown

The State Secretariat for Economic Affairs (Seco) says there are “mounting indications” that export development will worsen next year, resulting in an economic lull.

This content was published on December 14, 2010 - 08:35
swissinfo.ch

However, the government’s expert group said that given the relative resilience of the domestic market so far, the expected slowdown should remain limited.

In a statement on Tuesday, Seco forecast a slowdown of Gross Domestic Product (GDP) growth from 2.7 per cent in 2010 to 1.5 per cent in 2011. It said this was likely to happen “in spite of the to date brisk growth dynamics of the Swiss economy”.

It did expect, given a gradual improvement of the international trade conditions, that the Swiss economy would gain some momentum again in 2012 (+1.9 per cent).

However, it warned: “The unsure global economic situation, the continued tense situation on the financial markets and the yet unsolved debt problems of many industrialised nations make up considerable risks for the economic situation in 2011 and 2012.”

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

Comments under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@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.