Franc rises, Swiss GDP drops

Note: This section contains information in English only.
Source: Bloomberg
The Franc has appreciated 17% against the Euro since the SNB abandoned the currency cap on January 15. Meanwhile, Swiss GDP shrank 0.1% during Q1 and may drop additional 0.2% in Q2, which will be the first recession since the financial crisis in 2008/2009. Accordingly, Switzerland keeps struggling with declining output as a result of diminishing exports. 

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