The State Secretariat for Economic Affairs' (SECO) released its latest economic forecasts, with the key highlights found below.
- Sees 2019 growth at 1.2% (previous forecast was 1.1%)
- Sees 2020 growth at 1.7% (previous forecast was 1.7%)
- Sees 2019 CPI at 0.6% (previous forecast was 0.4%)
- Sees 2020 CPI at 0.6% (previous forecast was 0.6%)
- Upgrade helped by strong domestic demand, one-off factors like a mild February which supported construction, and an improvement in the automotive sector.
- Warns of risks to the global economy including the trade dispute between the United States and China, uncertainty over Brexit and Italy's financial situation.
- Says the outlook was still subdued and the global economy still faced an abundance of downside risks.
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