Market news
13.12.2011, 07:01

Swiss Govt: Economy Slows Sharply On Franc, EU Weakness

  • Economic Slowdown Won't Match That In 2008
  • Slowdown To Be Mild If EU Crisis Doesn't Worsen
  • Lowers 2011 GDP Growth Forecast To 1.8% From 1.9%
  • Cuts 2012 GDP Growth Forecast To 0.5% From 0.9%
  • Sees Growth Rebounding To 1.9% In 2013
  • Cuts 2012 Inflation Prediction To -0.3% From 0.3%
  • Sees Inflation At 0.3% In 2013
  • Sees 2012 Jobless Rate At 3.6% Vs 3.1% In 2011

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