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 |  Subject: Swiss GDP Growth To Slow Next Year: KOF  Tue Jun 21, 2011 8:06 am | |
| Swiss GDP Growth To Slow Next Year: KOF Real Money Doubling Forex Robot Fap Turbo - Sells Like Candy!ORDER NOW READ MORE ABOUT IT
Switzerland's economic Growth may weaken in 2012, mainly due to strong franc and weaker global economic trend, the KOF Institute said Tuesday.
Releasing its summer forecasts, the institute said that Swiss economy may grow 1.9 percent Next year, slower than the 2.8 percent expansion in 2011.
The reason for slower Growth
is the strong franc as well as the weaker global, and in particular
European, economic trend, the report said. Meanwhile, the robust
economic activity this year is supported by higher exports and stable
consumption.
The rate of Growth
predicted for this year remains unchanged from the previous Spring
forecast. KOF, however, said that the current assessment of economic
development includes a considerable increase in the Growth of transit trade and weaker trends for the rest of the economy.
The institute said that inflation is still not an issue in Switzerland.
The KOF expects a rate of inflation of 0.7 percent for 2011. Due to the
slightly weaker franc, inflation is projected to an uptick Next year.
Real Money Doubling Forex Robot Fap Turbo - Sells Like Candy!ORDER NOWREAD MORE ABOUT ITOn the labor market, the report noted that the employment will continue
increasing. The increase in employment will be relatively low in the
current year at 0.8 percent, while it will become more pronounced in
2012.
The KOF foresees an unemployment rate of 3.1 percent this year and 2.7
percent the next, with the rate of decline tapering off during the
period.
Switzerland's economic Growth
may weaken in 2012, mainly due to strong franc and weaker global
economic trend, the KOF Institute said Tuesday. (Market News Provided by
RTTNews
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