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 - 14:37

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.

Articles in this story

This article was automatically imported from our old content management system. If you see any display errors, please let us know:

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

Share this story

Change your password

Do you really want to delete your profile?