March 14, 2019 / 6:49 AM / 2 months ago

Swiss government cuts 2019 GDP forecast to 1.1 pct y/y

ZURICH, March 14 (Reuters) - The Swiss government slashed its economic growth forecast for 2019 on Thursday, citing a weaker world economy.

The State Secretariat for Economic Affairs said it now sees growth slowing to 1.1 percent this year, compared with its December forecast for 1.5 percent.

In 2020, it sees growth recovering to 1.7 percent, in line with its December view.

Reporting by Thomas Seythal; additional reporting by Michael Shields in Zurich; editing by Riham Alkousaa

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