Swiss GDP in second quarter: highest growth since “Frankenschock”

On 6th September 2016 the Swiss State Secretariat for Economic Affairs (SECO) published Swiss GDP in the second quarter. Swiss economy grew by 0.6% from the previous quarter and GDP expanded 2.0% year on year. This marks the highest quarterly growth since “Frankenschock” of January 2015 and more than twice as much as the market had expected. For its main factor SECO names “positive contributions from foreign trade as well as government consumption.”

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