SNB's Roth sees GDP growth of 'almost' 2 pct

Swiss National Bank (SMB) chairman Jean-Pierre Roth said he expects the Swiss economy to grow by "almost" 2 pct this year, repeating previous comments by the central bank.

In March, the SNB had raised its 2004 GDP growth forecast to 1.5-2.0 pct, from 1.4 pct previously. "This positive development is likely to continue in 2005," Roth said in an interview with Swiss Sunday paper NZZ am Sonntag.

Roth also said he expects the labour market to have managed a turnaround, with the employment situation

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