Swiss Economy To Grow 2% In 2011: SECO

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Tuesday, Switzerland's State Secretariat for Economic Affairs announced its latest economic forecasts. Experts now see a 1.6% decline in gross domestic product this year, slightly less than the 1.7% fall forecast in September. Meanwhile, the growth forecast for 2010 was hiked to 0.7% from 0.4%. The Swiss economy, which emerged from recession in the third quarter, is expected to grow 2% in 2011.

(Market News Provided by RTTNews)