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Economic forecasts from the Federal Government’s Expert Group – Spring 2014
The Federal Government’s Expert Group reaffirms its previous assessment (of December 2013) that the economic upturn in Switzerland is likely to further strengthen in 2014 and 2015. After reporting a solid 2% in 2013, the Expert Group expects growth in GDP to accelerate further to 2.2% in 2014 and to 2.7% in 2015. In the wake of an improving global economy, exports are also likely to provide an increasingly positive impetus, following years of rather subdued activity. The domestic economy is expected to remain robust. Given the brighter economic outlook, the labour market is expected to show a gradual improvement (fall in the unemployment rate from 3.2% in 2013 to 3.1% in 2014 and 2.8% in 2015).
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