Swiss Economicblogs.org
Swiss GDP grew by 1.8% in the second quarter of 2021 after contracting by 0.4% in the first quarter of the year, according to figures published by Switzerland’s State Secretariat for Economic Affairs. © Joe Ahead | Dreamstime.comMuch of the bounce back was in the services sector as Covid measures were relaxed. Private consumption recovered strongly and industry also grew, although not as strongly as in previous quarters. In the second quarter of 2021, total GDP was only 0.5 % lower...
Read More »Swiss economy to slide less than feared, according to new forecast
An updated forecast published this week by the Switzerland’s federal government is less negative than forecasters feared in the middle of the year. © Marekusz | Dreamstime.comThe new forecast expects Swiss GDP adjusted for sporting events to fall by 3.8% in 2020 and unemployment to average 3.2% across the year. The forecast in June 2020, predicted a 6.2% fall in GDP and average unemployment of 3.8%. After the relaxation of health policy measures, the Swiss economy started to swiftly...
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