Swiss concerned over strong franc

The outlook for growth in Switzerland has darkened. Weakening eurozone demand and the Swiss currency’s strength have prompted forecasts in December 2011 for gross domestic product to be revised down for 2011 and 2012.

Nevertheless, the country’s triple A credit rating remains undented, government debt is going down, interest rates have dropped to near historic lows and prices are falling.

ESO: Background information: Central bank intervenes with euro exchange rate http://www.europeansources.info/record/central-bank-intervenes-with-euro-exchange-rate/

Swissinfo.ch: Strong Franc - Cause and effects http://www.swissinfo.ch/eng/specials/swiss_franc/index.html?cid=28856262

---