The Swiss Economy Faces Economic Slowdown
Bern, 14.12.2010 - The Expert Group's Assessment of Economic Trends and Forecasts - Economic Forecasts for Switzerland – Winter 2010/2011*. In spite of the to date brisk growth dynamics of the Swiss economy, there are mounting indications that the export development will worsen next year, resulting in an economic slowdown. However, thanks to the relative resilience of the domestic market so far, the expected slowdown should remain limited. The federal government's expert group forecasts a slowdown of GDP growth from 2.7% in 2010 to 1.5% in 2011. Given a gradual improvement of the international trade conditions, the Swiss economy should gain some momentum again in 2012 (+1.9%). The unsure global economic situation, the continued tense situation on the financial markets and the yet unsolved debt problems of many industrialized nations make up considerable risks for the economic situation in 2011 and 2012.