Economists say the Swiss economy will slow down significantly but fall short of a recession this year following Thursday’s decision by the central bank to scrap its franc-euro exchange rate peg.
The Swiss federal government's experts' group says Switzerland's economic prospects remain favourable in a "risky environment" although it cut its growth forecast for 2015.
The Swiss economy continued to show strength in the first three months of this year, growing 0.5 percent from the previous quarter, government figures released on Wednesday show.
Economic growth in Switzerland is expected to accelerate this year and next driven by a robust domestic economy and an improved climate in Europe and the rest of the world, says a federal government report released on Tuesday.
Switzerland’s economy is expected to show robust growth in 2014 with immigration responsible at least in part, say forecasters who only disagree on how great the expansion will be.
The Swiss economy grew 0.6 percent in the first three months of the year, official data showed on Thursday, beating expectations and confirming Switzerland's spot among the soundest economies in struggling Europe.
<p><span style="font-family: arial, helvetica, sans-serif; font-size: small;">The Swiss economy is performing surprisingly well, according to a new report by the Organization for Economic Co-operation and Development (OECD)</span>.</p>
