Swiss economy grows as expected

Note: This section contains information in English only.
Source: Forexpros
© Scanpix/RS

Switzerland's GDP expanded in compliance with analysts' forecasts in Q3, according to official data. The country's GDP added 0.2% on a seasonally adjusted basis in Q3 compared with 0.4% growth in Q2. The economy of the country grew by 1.3% in Q2 at annual rate exceeding the expected 1.8%. The growth was mostly stimulated by increase in consumption and investments in construction. USD/CHF was traded at 0.9135, losing 0.03%.

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Thu, 01 Dec 2011 09:27:37 GMT

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