April 24, 2024

Swiss Economy Grows More Than Expected Defying Factory Downturn

Swiss growth unexpectedly maintained momentum at the end of last year, even as manufacturing continued to weigh on the economy.

Gross domestic product, adjusted for large sports events, rose 0.3% in the fourth quarter, according to data published on Thursday. That expansion, which matches the pace of the previous three month, was stronger than the 0.1% increase predicted in a Bloomberg survey.

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