The State Secretariat For Economic Affairs on Tuesday marginally raised Switzerland's growth estimate for 2013 to 1.4 percent from 1.3 percent.
In the latest Summer economic forecasts, the expert group said the economy has held up relatively well in the spring of 2013, despite the ongoing recession in the euro area. The group projects 2.1 percent expansion for next year, unchanged from previous estimate.
It expects the export sector to benefit from economic opportunities present outside Europe, particularly in North America and Asia.
The group expects unemployment rates of about 3.3 percent for 2013 and 2014, up from 2.9 percent in 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.