SECO: Despite continued risks, the Swiss economy remains on course for recovery

Switzerland’s government published its latest quarterly report on the Swiss economic outlook on Tuesday, revising higher the economy’s growth forecasts for this year.

Key Details from the State Secretariat for Economic Affairs (SECO) forecasts:

GDP growth of 1.5% is now being forecasted for full-year 2016 (previous forecast: 1.4%)

2017 GDP forecast unchanged at +1.8%

2016 inflation forecast unchanged at -0.4%

2017 inflation forecast unchanged at +0.3%

2016 and 2017 unemployment rate lower at 3.3% vs 3.4% prev