Sees

  • 2012 growth at 1% (previous forecast 1.4%)
  • 2013 growth at 1.4% (previous forecast 1.5%)
  • 2012 inflation at -0.5% (previous forecast -0.4%)
  • 2013 inflation at +0.5% (previous forecast same at +0.5%)

The Swiss government expects dampened activity to continue in coming months, but doesn’t foresee marked recession given the robust domestic economy.