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Swiss growth may have peaked

KOF flags slow-down in Swiss economy Keystone

The Swiss economy will continue expanding robustly in the months ahead but growth may have already peaked, according to the Zurich-based Swiss Institute for Business Cycle Research (KOF).

This content was published on August 8, 2000 - 16:53

Its trend barometer, which forecasts economic growth in six to nine months time, fell to 1.35 in June from 1.38 in May, which was revised sharply lower from the record 1.61 originally reported.

"Gross Domestic Product growth remains strong but should have reached its peak," KOF said in a statement.

This latest report from the KOF was released just after July jobless figures which showed unemployment at an eight-and-a-half year low.

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