Swiss economy likely expanded healthily in Q4: Capital Economics

Quotes from Capital Economics:

- Swiss GDP (06.45 GMT) is likely to have again expanded healthily in Q4. On balance, we forecast a 0.7% rise in GDP which would leave the annual growth rate at 2.1%. 

- But while the franc was already at a high level in Q4, it has appreciated sharply since the Swiss National Bank (SNB) abandoned its ceiling for the franc in January 2015. As a result, the economy is likely to weaken significantly this year.