- GDP failed to grow in second quarter, analyst est. 0.1%
- ‘Challenging international environment’ is hurting factories
Switzerland’s economy stalled in the second quarter as its manufacturing sector fell victim to waning global demand.
Gross domestic product, adjusted for large sports events, was flat in the three months through June after a 0.9% spurt at the start of the year, data published on Monday show. Economists anticipated an increase of 0.1%, according to the median estimate in a Bloomberg survey.
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Swiss Economy Stalls as Manufacturing Succumbs to Global Woes