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Switzerland's economic confidence
remained unchanged in June, a monthly survey by the Centre for
European Economic Research in cooperation with Credit Suisse showed
The ZEW-CS Indicator of economic expectations stayed unchanged at 2.2 points in June. The indicator reflects expectations of the surveyed financial market experts regarding economic development in Switzerland on a six-month time horizon.
The share of analysts who foresee economic conditions to deteriorate over the next six months decreases by 2.6 percentage points, and the number of optimists also shrank by the same amount, leaving the index unchanged.
Meanwhile, the indicator of experts' views of the current economic situation improved modestly during the month, by 1.7 points from the previous month to 21.7 points, hitting the highest level since August 2011, data showed.
Last week, the State Secretariat For Economic Affairs raised Switzerland's growth estimate for 2013 to 1.4 percent from 1.3 percent. The forecast for next year has been confirmed at 2.1 percent.
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