Economics
Swiss Economic Growth Unexpectedly Strengthens on Consume
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Swiss economic growth unexpectedly accelerated in the first quarter to the fastest pace in 1 1/2 years, led by consumer demand.
Gross domestic product climbed 0.7 percent from the fourth quarter, when it increased a revised 0.5 percent, the State Secretariat for Economic Affairs in Bern said today. That’s the strongest growth since the third quarter of 2010. Economists had forecast the economy would stall, the median of 18 estimates in a Bloomberg News survey showed.