Published On: Thu, Mar 2nd, 2017

Switzerland’s GDP Growth Dissapoints

Want create site? Find Free WordPress Themes and plugins.

Switzerland’s fourth quarter GDP growth was only 0.1% annualized between Q3 and Q4 of this year. Q4 GDP grew 0.6% from last year’s fourth quarter and full-year GDP growth in Switzerland was 1.3%, below growth in the Eurozone of 1.7%.

The culprit for the weaker growth was sluggish exports, which have struggled with the Swiss Franc continuing to hold unprecedented strength. At the beginning of 2015, the Swiss central bank surprised world markets by lifting a cap of 1.20 Swiss Francs per Euro it had imposed on the Swiss Franc-Euro exchange rate. Within minutes the Swiss Franc strengthened by about 30% versus the Euro until the exchange rate reached about 0.8 Swiss-Francs per Euro. The exchange rate today stands at 0.94.

Did you find apk for android? You can find new Free Android Games and apps.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Copyright 2017 The Calico Media Group LLC dba Economics Wire