Swiss SECO Mar Economic Forecasts: Cuts 2015 and 2016 growth and inflation outlook citing the strength of the CHF currency (Swiss)
Growth Outlook:
- Cuts 2015 GDP growth forecast from 2.1% to 0.9%
- Cuts 2016 GDP growth forecast from 2.4% to 1.8%
Inflation:
- Cuts 2015 inflation from +0.2% to -1.0%
- Cuts 2016 inflation from +0.4% to +0.3%
Employment:
- Raises 2015 Unemployment Rate from 3.0% to 3.3%
- Raises 2016 Unemployment Rate from 2.8% to 3.4%