World Economy

Swiss Economy Growth Slows

Swiss Economy Growth SlowsSwiss Economy Growth Slows

The Swiss National Bank had no option but to exit its minimum exchange rate policy as “the international environment had changed,” said SNB head, Thomas Jordan, citing the ECB’s new QE policy, Alpha reported Sunday. “Economic growth will certainly be weaker than we forecast in December, and its possible we could have one or two quarters of negative quarterly growth,” warned Jordan.