Swiss government slashes 2019 GDP growth forecast to 1.1% from 1.5%

The Swiss State Secretariat for Economic Affairs (SECO) is out with its latest forecasts report on the Swiss economy, with the key highlights found below.

2019 GDP growth forecast slashed to 1.1% from 1.5%.

2020 GDP growth maintained at 1.7%.

2019 inflation forecast seen at 0.4% vs. 0.5% previous forecast

2020 inflation forecast seen at 0.6% vs. 0.7% previous forecast.