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Forecast: 2020 economic slump less serious than feared
Economic forecast by the Federal Government’s Expert Group – October 2020* - The Expert Group is expecting GDP adjusted for sporting events to fall by 3.8 % in 2020 and unemployment to average 3.2 % over the year as a whole. Prospects for 2020 are therefore less negative than feared in the middle of the year. The momentum is likely to weaken as time goes on. Due to the relaxation of the health policy measures, the Swiss economy started to swiftly make up lost ground at the end of April, with both consumer and investment demand exceeding expectations in the second quarter. Short-time working was used much less ... (full story)
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