SECO raises Swiss 2014 growth outlook
2013-03-18 15:22:32
The Swiss economy is forecast to grow at a slightly faster than estimated pace next year on rising demand from foreign markets, the State Secretariat For Economic Affairs said Monday.
The economy is projected to grow 2.1 percent in 2014, the Expert Group said in its Spring Forecast, up from 2 percent estimated in December. For 2013, it expects relatively moderate 1.3 percent growth, unchanged from its Winter forecast.
According to Expert Group, the region will get over its economic slowdown in 2012, a mild one by international comparison, but is not expected to achieve any strong upturn.
The unemployment rate is forecast to continue rising till the end of 2013, giving the average annual unemployment rates of 3.3 percent respectively for 2013 and 2014, no change over previous forecast.