the growth of the Swiss economy accelerated in the third quarter of 2019 easily. The real gross domestic product (GDP) rose in the period from July to September 2019 compared to the previous quarter by 0.4 percent, this after (unrevidierten) 0.3 percent in the second quarter. In comparison to the previous year, the economy grew quarter-on-quarter to 1.1 percent.
The growth in the exports of chemical-pharmaceutical Products and energy contributed, as the state announced Secretariat for economic Affairs (Seco) on Thursday. In other areas, have made the unfavourable international environment more noticeable. Overall, the economic slowdown had since mid-2018, be confirmed. As you know, the local economy in 2018, still grew by 2.8 percent.
The rate of growth in the reporting quarter was, however, above the expectations of Economists, who had forecast a weaker growth. The news Agency Reuters interviewed experts had seen the growth quarter-on-quarter at 0.0 to 0.2 percent and year-on-year at 0.6 to 1.0 percent. Since the Swiss GDP of major sporting benefit events such as the Olympic Games, which take place in even-numbered years, publishes the Seco recently, a “sport event-adjusted” GDP number. This is in comparison to the previous quarter and also 0.4% (Q2: 0.3%) and in comparison to the previous year, at 1.5% (Q2: 0.9%) to a (sda)
Created: 28.11.2019, 08:06 PM
