GenevaLunch » growth

Credit Suisse pushes Swiss GDP forecast down sharply

Ellen Wallace — Thu, 24 Nov 2011 16:11:42 +0000

GenevaLunch.com ZURICH, SWITZERLAND – Credit Suisse Thursday pushed its GDP growth forecast down sharply, from 2 percent to 0.5 percent, for 2012. The bank points to the euro crisis, which “continues to weigh on markets, with economic momentum in Europe fading unexpectedly quickly.” Switzerland will be hurt by the fall in exports due to “decidedly gloomier” [...]

Credit Suisse pushes Swiss GDP forecast down sharply © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Swiss-Indian trade shows “fulgarant” growth, says Bern

Ellen Wallace — Thu, 03 Nov 2011 14:49:42 +0000

GenevaLunch.com BERN, SWITZERLAND – Trade between India and Switzerland, currently negotiating a bilateral free trade treaty, has grown at a “fulgerant” rate in the past 20 years, the Swiss Customs Office says. Exports from Switzerland to India grew by 18 percent in the first nine months of 2011 and have now crossed the threshold of CHF3 [...]

Swiss-Indian trade shows “fulgarant” growth, says Bern © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Partial unemployment to get bulk of gov’t CHF870m to fight high franc

Ellen Wallace — Wed, 21 Sep 2011 14:11:16 +0000

GenevaLunch.com BERN, SWITZERLAND – The two houses of parliament have given the green light to government measures to fight the high franc, with the lower house Wednesday approving the Federal Council’s CHF870 million project. The bulk of the funds will go to help companies cover the cost of partial unemployment that is likely to rise as [...]

Partial unemployment to get bulk of gov’t CHF870m to fight high franc © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Swiss green economy growing twice as fast as rest

Ellen Wallace — Tue, 21 Jun 2011 11:22:31 +0000

GenevaLunch.com BERN, SWITZERLAND – The green economy is growing at twice the rate of the rest of the economy in Switzerland, figures published Tuesday 21 June by WWF Switzerland show. The green economy accounts for turnover of CHF29 billion and 116,000 jobs. It is expected to add another 53,000 jobs by 2020, with turnover reaching CHF57b. [...]

Swiss green economy growing twice as fast as rest © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Swiss PostFinance continues growth, stays cautious on mortgages

Ellen Wallace — Mon, 09 May 2011 13:50:22 +0000

GenevaLunch.com Bern, Switzerland (GenevaLunch) - PostFinance, the financial arm of Swiss Post, has attracted 18,000 new clients in the first three months of 2011 and its earnings are up 39 percent over Q1 in 2010, to CHF 181 million, Swiss Post announced 9 May. Customer deposits rose by CHF5.2 billion to CHF89.4 billion. “This increase lead [...]

Swiss PostFinance continues growth, stays cautious on mortgages © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

India’s population now 17% of world total

Ellen Wallace — Fri, 01 Apr 2011 09:33:43 +0000

GenevaLunch.com Female infanticide appears to continue India’s census results were published Thursday 31 March, showing that the country is now the world’s second most populous, with 17 percent of the world population. India officially has 1.21 billion people, compared to China’s 1.34 billion. India added 181 million new people, but the Guardian notes that the census [...]

India’s population now 17% of world total © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Biggest building boom in 50 yrs boosts UK economy

Ellen Wallace — Fri, 23 Jul 2010 12:23:15 +0000

GenevaLunch.com The UK economy picked up in the second quarter of 2010, thanks in large part to the biggest rise in construction in nearly 50 years. New figures published by the Office for National Statistics Friday 23 July show a 1.1 percent GDP increase over the previous quarter, the largest such quarterly rise in four years, [...]

Biggest building boom in 50 yrs boosts UK economy © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Irish economy eases out of Europe’s deepest national recession

Ellen Wallace — Wed, 30 Jun 2010 14:43:27 +0000

GenevaLunch.com Ireland’s economy is now expected to grow by at least 1 percent this year, following the good news Wednesday 30 June that the country is moving out of recession: after eight quarters of negative GDP growth, the country saw growth of 2.7 percent in the first quarter. Over the past two years Ireland’s GDP has [...]

Irish economy eases out of Europe’s deepest national recession © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

Airline losses will be lower than forecast

Ellen Wallace — Thu, 11 Mar 2010 11:16:07 +0000

GenevaLunch.com Worldwide improvement is concentrated in Asia, Latin America Brands, not flags, must guide the industry to profitability, says Iata head Geneva, Switzerland (GenevaLunch) – The airline industry is expected to have an overall loss of $9.4 billion for 2009, according to Iata, the Geneva-based air transport industry organization, which released new figures Thursday 11 March. [...]

Airline losses will be lower than forecast © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

China’s exports outperform high expectations

Ellen Wallace — Wed, 10 Mar 2010 10:02:57 +0000

GenevaLunch.com China now looks set to overtake Japan in 2010 as the world’s second largest exporter, with February figures well above even the optimistic forecasts: 45.7 percent over February 2009. Figures from a year earlier reflect the dip due to the economic crisis, but February figures were double the increase in January exports, up 21 percent. [...]

China’s exports outperform high expectations © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.