ZURICH, Nov 5 (Reuters) – The specter of recession within the euro zone and past, an vitality provide squeeze and the eroding impact of inflation on buying energy imply Switzerland faces tough years forward, Justice Minister Karin Keller-Sutter instructed the Neue Zuercher Zeitung.
“I think about this blended state of affairs to be very tough,” she mentioned in feedback printed on Saturday. “We’ll really feel this in Switzerland too. Economically tough years await us.”
Keller-Sutter sits on the seven-member government Federal Council.
In September, the Swiss authorities considerably lower its financial development forecasts, citing rising dangers from a “tense vitality state of affairs and sharp worth will increase”.
It now expects the nation’s financial system to develop 2.0% this yr, down from its June forecast for two.6% development. In 2023, the financial system is anticipated to develop by 1.1%.
Writing by Paul Carrel; Modifying by Christina Fincher
: .
