Meaningful Economic Recovery and Turnaround on the Labour Market only in 2011
Bern, 15.12.2009 - Economic Outlook and Forecasts of the Federal Government’s Expert Group on Economic Forecasts – Winter 2009*. In a brightened-up global economic environment, the Swiss economy, as well, had been able to overcome the recession in Q3 of 2009. According to the Federal Govern-ment’s Expert Group on Economic Forecasts, the economic recovery will continue next year, however, in the wake of temporarily fading positive impulses from the international economic environment, it will remain moderate (GDP growth of +0.7% in 2010). It will probably not be before 2011 that the economy will gain momentum (GDP growth of +2.0%). Against the background of a sluggish economic recovery, labour market forecasts remain bleak for 2010. A decline in unemployment is not expected before 2011.