World Economy

Swiss Growth Forecast Cut

Swiss Growth Forecast CutSwiss Growth Forecast Cut

Switzerland on Thursday cut its growth forecast for 2015 as a recovery in the eurozone turns out to be more sluggish than earlier thought, AFP reported. The national statistics agency said it still expects Swiss output to expand by 1.8% this year. But the State Secretariat for Economic Affairs, growth for 2015 would be at 2.1% rather than the previously forecasted 2.4%.