In the News

Steady Growth Projected

This week, the OECD released its latest economic outlook for Switzerland. The organization expects Swiss growth to pick up gradually this year, and into 2011 as well. Interest rates are projected to rise steadily starting at the end of the year. Additionally, the country’s economic growth is likely to push unemployment down during 2011, but only slowly as subsidised, short-term jobs disappear.

"Real Gross Domestic Product is expected to accelerate,reflecting the speed of recovery in trading partners and is projected to reach around 1.8 percent in 2010 and 2.2 percent in 2011," the OECD said.