Sponsored Links
Friday, the Zurich-based think-tank KOF said it expects the Swiss economy to shrink 3.4% this year compared to June's forecast of 3.3% decline.
The current stagnation will begin giving way to a slow recovery in mid-2010. The institute sees only a small growth of 0.1% next year. In 2011, GDP growth will reach 1.4% compared to the previous year, the think-tank said.
According to KOF, consumer prices will fall 0.4% in 2009 due to the oil price collapse in the second half of 2008 and inflation in the coming year will hit 0.5%.
0 komentar:
Post a Comment