Switzerland: Economy expected to grow by 1.3% in 2013

FXstreet.com (Barcelona) - According to the Economic Forecasts released on a quarterly basis by the Swiss State Secretariat for Economic Affairs, the Swiss economy will most probably grow by 1.3% in 2013 and it should accelerate to 2.1% the next year, as the domestic economy remains stable and the export outlook is improving.

However, the ongoing Eurozone debt crisis poses some downside risks and “the confidence which has returned to the financial markets needs to be boosted further still in order to create the basis for long-term growth in the Euro zone.”