Zurich, November 5 (BNA) Justice Minister Karin Keller-Sutter told the Neue Zuercher newspaper that the risk of recession in the eurozone and beyond, the pressure on energy supplies and the impact of inflation on purchasing power, means that Switzerland will face difficult years ahead. Zeitung.
“I consider this mixed situation to be very difficult,” she said in comments posted on Saturday. “We will feel this in Switzerland as well. We have difficult economic years ahead.”
Keller Sutter sits on the seven-member Federal Executive Council.
Reuters reported that the Swiss government in September significantly lowered its forecast for economic growth, citing rising risks from a “strained energy situation and sharp price increases”.
It now expects the country’s economy to expand 2.0% this year, down from its June forecast of 2.6% growth. In 2023, the economy is expected to expand by 1.1%.
EAE