Switzerland increased its forecast for economic growth this year to 2.9%


The Swiss State Secretariat for Economic Affairs SECO improved the country's GDP growth forecast this year from 2.4% to 2.9% and left the forecast for the next year unchanged at 2%. It is expected that the rate of economic recovery in 2018 will be the highest since 2010. Among the risks to the Swiss economy in 2019, there is the escalation of tension in foreign trade. According to SECO, the growth in consumer prices in 2018 will be 1%, in 2019 – 0.8%. On Thursday, the Swiss National Bank SNB kept intact the deposit rate – at minus 0.75% per annum and improved the forecast of growth of the Swiss economy for the current year from 2% to 2.5%-3%.

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