Swiss Economy May Slow To Below 1% Growth In 2012 - Report
November 11 2012 - 9:31AM
Dow Jones News
ZURICH--Switzerland's economy may grow at a slower pace this
year than the 1% the country's central bank forecast in September,
Fritz Zurbrügg, a member of the Swiss National Bank policy-setting
directorate says in a newspaper interview Sunday.
"Taking the International Monetary Fund's forecasts into
account, the slowdown of the Swiss economy has probably
accelerated," Zurbrügg said in an interview with Swiss weekly NZZ
am Sonntag.
In September, the SNB lowered its 2012 growth forecast to 1%
from 1.5%, down from 1.9% growth in 2011. The central bank's next
quarterly monetary policy assessment is scheduled for Dec. 13.
Zurbrügg reiterated that the SNB would take measures if a
worsening of the economic situation made this necessary.
Newspaper website: http: www.nzz.ch
Write to anita.greil@wsj.com