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Weaker global economy also slows Swiss economy
Economic forecasts by the Federal Government’s Expert Group, summer 2019* - The Expert Group is expecting moderate GDP growth of 1.2% for 2019. The weakening of the global economy is slowing down Swiss foreign trade, while the considerable uncertainty is weighing on investment activity. Economic growth is set to increase in 2020 and rise to 1.7%. In the first quarter of 2019, both the international and the Swiss economy have seen significant growth. However, the outlook remains subdued and uncertainty is still high. The Expert Group is therefore maintaining its assessment that the Swiss economy will only experience ... (full story)