Fresh forecasts just released by SECO ( State Secretariat for Economics)
- sees 2013 growth +1.9% vs +1.8% prev forecast
- 2014 +2.3% as prev
- 2015 +2.7%
- 2013 inflation -0.2% vs -0.1% prev
- 2014 +0.2% vs +0.3%
- 2015 +0.4%
Further increasing exports and consequently a broader based economic expansion are expected. Domestic economy should remain robust
Providing that the international economy continues on a gradual path of recovery there are good prospects for a strengthening economic upturn in Switzerland over the next two years
CHF slightly better bid on the upbeat but cautious assessment
USDCHF down to 0.8940 fr0m 0.8950
EURCHF 1.2227 from 1.2236
Trade balance to follow at the top of the hour
