Swiss economy shrinks in Q2

Note: This section contains information in English only.
Source: RTTNews
The Swiss economy contracted unexpectedly in Q2, influenced by declining domestic demand and weak external trade, the State Secretariat for Economic Affairs said on Tuesday. Real GDP slipped 0.1%, after a 0.5% increase in Q1. Economists expected an expansion of 0.2%. On yearly basis, GDP expanded only 0.5%, compared to preceding growth of 1.2% and estimates of 1.6%.

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