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Recovery continues but temporarily loses some momentum
The economic recovery is set to continue as expected, though growth is initially less dynamic than forecast previously. The expert group has lowered its growth forecast for 2021 to 3.2 % (adjusted for sporting events). This is nonetheless significantly above average for the Swiss economy. In 2022, the growth rate is set to rise to 3.4 %.* Following the easing of pandemic measures at the beginning of March, the domestic economy recovered as expected from the setbacks of the winter half-year. Economic activity is likely to have exceeded pre-crisis levels during the summer. Globally, however, the recovery is likely to ... (full story)