Economy to stagnate in first part of 2012

The KOF Swiss Economic Institute says in its latest report that it expects year-on-year growth of Gross Domestic Product (GDP) to stagnate in the coming months.

This content was published on December 28, 2011 - 13:57 and agencies

The institute’s Economic Barometer measures expectations from a broad range of industry sectors.

The report issued on Wednesday said the core GDP module representing all sectors except banking and construction “all clearly display a negative development”.

The silver lining was KOF’s finding that the downward slide slowed from November to December.

The barometer has been moving lower every month since May.

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

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