Swiss central bank warns downturn could get worse

The chairman of the Swiss National Bank (SNB) has ruled out a sharp economic upswing in Switzerland in 2003. Continued risks, Jean-Pierre Roth said, cannot be underestimated.

Source: Swiss Info

"The risks of a renewed worsening of the situation in Switzerland and abroad remain and are not to be underestimated," said Roth.

In a downcast assessment of the months and year ahead, Roth warned that Swiss firms faced worsening trading conditions and that the government would have less money.

"Compared

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: