Swiss Economy Defies Strong Franc With Unexpected Growth
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Switzerland’s economy unexpectedly grew in the fourth quarter as a surge in consumer spending helped the economy battle the headwind of a strong currency.
Gross domestic product rose 0.2 percent from the third quarter, when it advanced 0.6 percent, the State Secretariat for Economic Affairs in Bern said today. Economists forecast stagnation, the median of 19 estimates in a Bloomberg News survey showed. Consumer spending increased 1.1 percent.