Think tank cuts Swiss economic forecast

The Swiss economy is still growing but at a slower rate Keystone Archive

A leading think tank has downgraded its forecast for Switzerland's economic performance this year. The move is the latest evidence that the Swiss economy is being affected by the global economic slowdown.

This content was published on October 4, 2001 - 13:52

The Zurich Federal Institute of Technology's Economic Research Unit (KOF) says in its autumn statement that Gross Domestic Product should expand by 1.9 per cent this year. It forecast a further slowdown to 1.7 per cent in the following year before accelerating to 2 per cent in 2003.

KOF's report says that exports are expected to grow at an unchanged rate in the 2002 but that imports would expand reflecting a pick-up in the world economy.

It also said that it saw no immediate inflationary dangers.

It added that it expected inflation to average 1.2 per cent this year, down from 1.6 per cent in 2000. With crude oil prices expected to fall and the Swiss franc expected to remain strong, inflation should average 1.1 per cent in 2002 and 1.2 per cent in 2003.

swissinfo with agencies

This article was automatically imported from our old content management system. If you see any display errors, please let us know:

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Share this story

Change your password

Do you really want to delete your profile?