SECO

SECO and the SNB expect Swiss gross domestic product growth to fall just short of 2% this year, and the Economics Ministry warned in September that this is likely to lead to higher unemployment next year for the first time since 2009.

Strong Franc Still Threatens Swiss Firms Neil MacLucas 2011

SECO, which expects the Swiss jobless rate to average 3.1% this year, compared with 3.9% in 2010, will update its unemployment and growth forecast for this year on Dec. 13.

Strong Franc Still Threatens Swiss Firms Neil MacLucas 2011

Georgia resident and SECO Parts and Equipment employee David Johnson told his co-worker that there would be consequences for parking in his spot.

No, You Should Not Use A Forklift To Move A Car Parked In "Your" Spot - The Consumerist 2009

More For Swiss, Words Louder Than Actions Mr. Gaillard, who heads the Labor Directorate at Switzerland's State Secretariat for Economic Affairs, or SECO, said the Swiss employment market was still in "good shape" but the jobless rate is set to increase as the strength of the franc and slowing global growth take their toll on the Swiss economy.

Strong Franc Still Threatens Swiss Firms Neil MacLucas 2011

"The SECO forecast would expect a franc value stronger than CHF1.30 per euro to lead automatically to a rise in Swiss unemployment, even if the European economy continues to grow," Mr. Gaillard said.

Strong Franc Still Threatens Swiss Firms Neil MacLucas 2011

"We had relatively strong expansion in the first half, albeit from recessionary levels, but a slowing of consumer demand and exports point to growth moderating through the rest of 2010," said Mr. Brunetti, head of the economic-policy directorate of the Swiss government agency SECO.

Further Rises in Franc Could Slow Swiss Economy, Brunetti Says 2010

SECO, which currently expects Swiss GDP growth of 0.7% this year and 2.0% in 2011, will update its estimates March 16.

Swiss Economic Growth Picks Up Martin Gelnar 2010

The quarterly growth rate was 0.7%, compared with 0.5% in the third quarter, boosted by solid household spending, government economic support measures and good global demand for Swiss goods, the government agency SECO said Tuesday.

Swiss Economic Growth Picks Up Martin Gelnar 2010

SECO/WARWICK S.A. has commissioned three horizontal, front loading vacuum furnaces for Motor

R&D Mag - News 2010

For more details from the SECO statement in German, Reuters

FinanzNachrichten.de: Aktuelle Nachrichten 2010