Suisse cuts the growth forecast

Source: BBC

The government of Switzerland decreased its growth forecast for 2012 citing the spreading euro-zone debt crisis. The rate was lowered from 0.9% to 0.5%. The country may not be severely impacted by the recession in the Eurozone but the decline in prices is worrying. The Swiss bank lowered the franc to limit the economic weakness of the country and the measure proved to be successful.

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