Home Business Swiss government sees no need for energy price relief steps

Swiss government sees no need for energy price relief steps

1 min read
Comments Off on Swiss government sees no need for energy price relief steps
0
43


Article content

ZURICH — The Swiss government stuck to its hard line on Wednesday and said it would not provide financial aid this winter to companies and households hit hard by surging energy prices.

Neither the economic situation nor inflation justify extraordinary relief measures, the cabinet said in a statement.

Article content

Energy prices have fallen well below their highs at the end of August, and while inflation remained elevated at 3.3% in September this was still only around a third as high as in the euro zone, it said.

A panel of government experts has lowered its forecast for GDP growth in 2023 to 1.1%, but does not forecast a recession barring a severe energy shortage, it added. It said it would continue to monitor the situation. (Reporting by Michael Shields; Editing by Jan Harvey)



Source link

Load More Related Articles
Load More By 
Load More In Business
Comments are closed.

Check Also

Italy’s premier visits Libya for talks on energy, migration

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Samy Magdy…