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Economic forecast sees accelerated growth till early 2000

Switzerland’s economy continues its solid trend of recovery and economic experts predict accelerated growth at least until the first quarter of 2000.

This content was published on December 7, 1999 - 12:08

Switzerland’s economy continues its solid trend of recovery and economic experts predict accelerated growth at least until the first quarter of 2000.

The forecast was presented on Tuesday by economic experts of the Federal Institute of Technology in Zurich, where analysts have developed an index that predicts the development of the Swiss economy for the next six to nine months.

The index rose from 0.88 in September to 0.97 in the month of October. This means that Switzerland has reached the 1997 level of economic recovery.

The institute says the figures confirm previous forecasts, which say that the economy will see accelerated growth at least until spring next year.

For the first time just over 12 months, business and industry leaders reported a halt to a previous decline in orders. Purchases of raw materials and other products even saw an increase, according to the institute.

From staff and wire reports.

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