Adecco results mask Swiss unemployment problem
Reports on western labour markets are upbeat on Wednesday as global recruiter Adecco tops analyst expectations for 2009 fourth quarter profits at the end of a dismal year for the staffing industry. Switzerland...
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Central bank boosts Swiss growth forecast
by Giles Broom
March 12, 2010 | 07:30
Switzerland’s central bank raises its economic growth outlook for the country to 1.5 percent for 2010, although the prediction remains lower than forecasts from some other financial experts. Analysts also say the Swiss National Bank’s call on inflation may be too low and that interest rates, which remain unchanged at 0.25 per cent as the SNB continues its expansionist monetary policy, will likely have to go up later this year.
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