The Swiss industrial production came in much better than expected, hitting the same figures as in last month. The market expected a strong correction but that didn't happen.The 2010 economic forecasts are:
- GDP will grow from 0.4% to 0.7%
- Unemployment rate will decline from 5.2% to 4.9%
- CPI from 0.9% to 0.8%
In the markets, the Swiss franc is losing ground against the majors, execept against the euro.
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