Navigation

Skiplink Navigation

Main Features

KOF raises economic growth forecasts

Swiss Economic Institute KOF has raised its growth forecasts for Gross Domestic Product in 2007 and 2008 to 2.9 per cent and 2.1 per cent respectively.

It had previously predicted rates of 2.8 per cent and 1.9 per cent for this and next year.

In its quarterly assessment, the institute said that private consumption would remain pillar of support for the Swiss economy and should offset any potential export weakness issues from the subprime crisis in the United States.

But it warned that the decline in the dollar was creating a risk of a decline in export demand from the US, which could have an impact on Switzerland.

While recent financial turbulence was not expected to affect economic growth in Switzerland, there could be fall-out for the economy if consumers lost confidence, experts said.


Links

Neuer Inhalt

Horizontal Line


subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.







Click here to see more newsletters

swissinfo EN

The following content is sourced from external partners. We cannot guarantee that it is suitable for the visually or hearing impaired.

Join us on Facebook!

×