KOF raises economic growth forecasts

Swiss Economic Institute KOF has raised its growth forecasts for Gross Domestic Product in 2007 and 2008 to 2.9 per cent and 2.1 per cent respectively.

This content was published on December 17, 2007

It had previously predicted rates of 2.8 per cent and 1.9 per cent for this and next year.

In its quarterly assessment, the institute said that private consumption would remain pillar of support for the Swiss economy and should offset any potential export weakness issues from the subprime crisis in the United States.

But it warned that the decline in the dollar was creating a risk of a decline in export demand from the US, which could have an impact on Switzerland.

While recent financial turbulence was not expected to affect economic growth in Switzerland, there could be fall-out for the economy if consumers lost confidence, experts said.

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Weekly top stories

Keep up to date with the best stories from SWI on a range of topics, straight into your mailbox.


The SBC Privacy Policy provides additional information on how your data is processed.