SNB: Quarterly Bulletin – June 2010
The Swiss National Bank's Quarterly Bulletin, published in June, said the central bank anticipates GDP growth of 2% in 2010, following a contraction of 1.5% in 2009.
The central bank said GDP growth in 2010 was likely to be supported by a combination of foreign and domestic demand, but that it also expected the increase in GDP would not be sufficient to close the overall output gap by the end of 2010.
Despite the lethargic recovery in many European countries and the appreciation of the Swiss
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