Swiss forecasts 7% decline in economy in 2020 due to Covid-19
It has revised its March forecast down as fallout from the coronavirus has been worse than initially feared
23 April 2020 - 18:32
Zurich — The Swiss government forecasts that the country’s economy will shrink 6.7% in 2020, saying it expects the recession triggered by the coronavirus pandemic to be worse than feared in March.
The export-driven economy is set to grow 5.2% in 2021, adjusted for large sporting events, the State Secretariat for Economic Affairs (Seco) said on Thursday in a revision of its March forecast...
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