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GENEVA Sam Darnold Jersey , Sept. 23 (Xinhua) -- The annual economic growth ofSwitzerland in 2017 is expected to be below one percent afterrevision, possibly the slowest since 2009, State Secretariat forEconomic Affairs (SECO) said Saturday.


The latest statistics from SECO predicted a growth rate of 0.9percent for 2017, which has fallen from previous estimates of 1.4percent, possibly marking the worst-performing economic year sincea 2.2 percent contraction in 2009.


SECO said the economy is "only gradually resuming a strongergrowth trajectory" Joe Namath Jersey , mostly due to slow growth in most servicesectors, despite an uptick in the performance of the manufacturing,hotel and catering industries.


The figures are in line with similar downgrading of expectationsby the Swiss National Bank.


Earlier this week, Credit Suisse revised its forecast from 1.5to 1 percent, noting decreased dynamism of some recent growthdrivers including high immigration and a housing boom.


However Jets Kids Jersey , SECO seems to be optimistic that stronger growth wouldtake off again next year, predicting a two-percent growth for 2018,due to predicted global growth and the effect of the currentdepreciation of the Swiss franc.


"The Swiss export sector is benefiting from the healthy globaleconomy, and will do so all the more if the Swiss franc, which hasdepreciated in the summer Jets Youth Jersey , maintains its new level," SECO said.


It also noted that domestic demand is expected to gain momentumfrom 2018, with the private consumption expecting to achievemoderate growth. Meanwhile, the job market is also tipped to slowlyimprove by a 0.8-percent rise next year, SECO claims Jets Womens Jersey , bringing theunemployment rate down to three percent. Enditem


ERBIL, Iraq, Sept. 24 (Xinhua) -- Iraqi Prime Minister Haider al-Abadi on Sunday reiterated his rejection to the referendum on independence of the semi-autonomous region of Kurdistan slated for Sept. 25.


Albanian version of Chinese president's book on governance launched in Tirana


Opening ceremony held for 2017 WTA Wuhan Open


Bubble run held to celebrate National Day in N China


Kazak Autonomous County develops eco-tourism in China's Xinjiang


Autumn scenery of Kanas scenic area in NW China's Xinjiang


Chinese, Pakistani air forces conduct joint drill


Paddy cultivation area in China's Yanbian surpasses 46,000 hectares


China Focus: Beijing-Shanghai railway speed rises to 350 kph


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