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Economic growth slows

The Swiss economy is beginning to cool Keystone

Switzerland's economic growth is beginning to slacken, although the economy is still expanding.

This content was published on September 14, 2000 - 09:31

Latest figures from the economics ministry show second-quarter growth up by 2.5 per cent on the first quarter.

Year on year, the country's GDP (gross domestic product) is up 3.8 per cent.

Meanwhile, the Commission for Economic Affairs has repeated its forecast for an overall growth rate in GDP for 2000 of 3.1 per cent.

The Commission also reiterated that it expected growth of 2.1 per cent in 2001.

It said it inflation should be around 1.3 per cent this year, increasing to 1.9 per cent next year. The Swiss National Bank's target is to keep inflation below two per cent.

The Commission for Economic Affairs is a government advisory panel that groups economic specialists from a wide range of the Swiss economy.

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