Swiss Economicblogs.org
The sector that got hit most by the sudden appreciation of the Swiss franc, was industrial production. They must compete with Germany, that benefits of the weak euro. The newest data from March show that this sector recovered. This opens the question again, if the Swiss franc is really overvalued. Certainly not against the dollar, other sectors like pharmaceuticals and chemicals export at lot to the United States. Further explanations on this press release: The secondary sector...
Read More »Industrial Production Recovers in March: Strong Franc Digested?
