Switzerland: At Last, An Upswing. But Will It Survive The Euro?Thane Peterson
The Swiss economy is finally coming in out of the cold. Switzerland has had the weakest economy in Europe throughout most of the decade: Its real gross domestic product fell by an average of about half a percentage point in every year from 1990 to 1996. But after another drop in the first quarter, things finally turned up in the second, when the Swiss economy grew by 0.2% from the year before, and Union Bank of Switzerland estimates that growth hit a solid 0.8% in the third quarter. UBS also figures GDP will rise 0.5% for all of 1997, and by 1.8% in 1998.
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