Clouds gather over the recovering Swiss economy

17th September 2010, Comments 0 comments

Forecasts issued this week call for another slowdown in Switzerlands economy after a spurt of growth in the first half of 2010, as concerns about the high value of the franc and a stalled global economy weigh on exports. The Swiss National Bank stands pat on interest rates while forecasting a lower inflation rate and declining economic growth for 2010, although Credit Suisse still expects interest rates to rise in 2011.

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