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Swiss Govt Lowers GDP Forecast Amid Energy Price Pressures: SECO

Switzerland's economy is expected to grow less than previously estimated this year and next, as the economic prospects are hampered by a tense energy situation and sharp price increases, especially in Europe.

The expert group of the federal government forecast gross domestic product to grow 2.0 percent this year instead of the 2.6 percent growth estimated previously in June, the State Secretariat For Economic Affairs, or SECO, said Tuesday.

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by RTTNews Staff Writer

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