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Article: Swiss economy rises
- Article from:
- China Daily
- Article date:
- February 2, 2004
- Author:
CopyrightCopyright 2004 China Daily. Provided by ProQuest LLC. (Hide copyright information)
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Swiss leading economic indicators in January rose to their highest
in almost three years, adding to signs the economy is reviving from
its longest recession in more than a decade.
The monthly aggregate of indicators, which the Zurich-based KOF
economic research institute uses to predict the direction of the
economy in six months, increased to 0.7 in January from 0.58 in the
previous month, KOF said in a statement.
The Swiss economy will probably expand "at least" 1.5 per cent
this year after shrinking in 2003, Swiss National Bank President Jean-
Pierre Roth said.
The franc's 6.8 per cent drop against the euro in the past year
has also added to export growth by making goods more affordable ...