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Swiss gov't expects less severe GDP hit in 2020 from COVID-19

ZURICH, Sept 9 (Reuters) - The Swiss government expects the country’s economy to be less badly damaged by the COVID-19 outbreak than previously thought, it said on Wednesday, now expecting a 5% drop in annual GDP in 2020, better than the previous forecast for a contraction of 6.2%.

The government, in an interim assessment, said Switzerland’s recovery from lockdown measures has been more rapid than projected, with the rise in unemployment also expected to be less bad than previously thought. (Reporting by John Revill; Editing by Michael Shields)

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