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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Thu, 23 Apr 2015 11:44:04 GMT

French PMI drops in March

French PMI for services and manufacturing sectors dipped to 50.2 in March, down from 51.5 month ago. Services sector sank to 50.8 compared to 52.4 in February, while the measure of manufacturing activity dropped from 48.8 to 48.4. Despite low oil costs and the QE programme, country's economy remains weak. Meanwhile, France's economy expanded 0.1% in Q4 2014.

Thu, 16 Apr 2015 16:01:08 GMT

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