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Forecast: Swiss economy in the coronavirus crisis
Economic forecast by the Federal Government’s Expert Group – June 2020. - The Expert Group is largely confirming its previous assessment and expecting the sharpest fall in GDP in decades for 2020. The low point is set to be reached in the second quarter. Provided that further waves of the pandemic with severe containment measures do not materialise, the economy should begin to recover from the second half of the year. The Expert Group on Economic Forecasts is expecting GDP adjusted for sporting events to fall by –6.2% in 2020 (April 2020 forecast: –6.7%) and unemployment to average 3.8% over the year as a ... (full story)