Swiss Economy Grows at Slowest Pace in More Than Two Years

Switzerland’s economy grew at the slowest pace in more than two years in the third quarter as companies cut spending and exports slumped.

Gross domestic product rose 0.2 percent from the second quarter, when it increased 0.5 percent, the State Secretariat for Economic Affairs in Bern said today. That’s the slowest pace since the second quarter of 2009. Economists forecast a gain of 0.1 percent, the median of 20 estimates in a Bloomberg News survey showed. Exports of goods and services fell 1.2 percent and investment including construction slipped 1 percent.