"The strength of the Swiss franc can overload the overall economic recovery. The slowdown can not be predicted at this time," the economy ministry said, after a meeting with Swiss industry leaders to discuss issues surrounding a strong currency.
"If it lasts a long time, Swiss franc strengthened against the euro and the dollar posed a risk to the economy of Switzerland.
Swiss franc has risen about 12 percent against the euro compared with last year, and more than five percent against the dollar, exporters are worried about seeing their profits depressed.
Jean-Daniel Gerber, who headed the State Secretariat for Economic Affairs, told reporters: "We are not in crisis, we are in a relatively difficult, uncertain situations."
The ministry noted that "monetary policy only, which are the responsibility of the Swiss National Bank (central bank Switzerland), which can be directly against the strength of the franc."
Swiss National Bank has been trying since the beginning to stop the increase through the issuance of billions of francs to buy euros.
However, central banks have stopped the move was in part because it has a large accumulated stock of the single European currency in the process.
Late last year, the Swiss currency climbed to a record high of around 1.23 francs per euro on concerns over the ability of the eurozone countries to service and refinance their debt.
Franc began to fall again this week after Portugal and Spain managed to issue bonds.
Swiss National Bank are expected to lose sharply to 2010 due to continuing losses on the ownership of the euro, although this may be covered to some extent by gains in gold stocks.
"Loss on foreign exchange that could exceed 30 billion Swiss francs," said Ursina Kubli, an analyst at Bank Sarasin, a few hours before the SNB publishes preliminary results for 2010.
"The loss rate somewhat compensated by the profits from gold and other currencies.
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