Switzerland: Slowdown in economic activity expected in autumn 2012

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FXstreet.com (Barcelona) - The Economic Forecasts report published by the SECO on Tuesday, reveals that the Swiss economy has begun to slow down, due to "weak global economic conditions" and analysts predict that it will remain dampened in the upcoming quarters. They do not see the country entering a severe recession however, due to its "robust domestic economy and the exchange rate floor against the Euro."

It is expected that GDP will rise 1% in 2012 and 1.4% in 2013, depending on the degree of recovery of the global economy.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

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