Increased estimates for Swiss' GDP

According to the State Secretariat for Economic Affairs located in Bern, Switzerland's government increased their estimates for the country's GDP from 0.8% to 1.4% for 2012. It appears that the Swiss economy is bouncing back with the KOF indicator boosting for 4 consecutive months in May, the consumer index reaching its one-year peak in April and the BCHN possibly surpassing order growth of 10% in 2012. As concerns the forecasts for the following year of 2013, the economy could increase by 1.5% vs. the previous projection in March of 1.8%.