Swiss Seen Immune From Euro Recession as SNB Holds Firm

Switzerland’s economy probably kept growing in the first quarter as domestic demand and the central bank’s currency cap kept at bay the recession afflicting many of its neighbors.

First-quarter gross domestic product probably rose 0.2 percent from the previous three months, according to the median of 17 forecasts in a Bloomberg News survey. That contrasts with the surrounding euro area, which has suffered six quarters of recession. Germany, the region’s largest economy, eked out expansion of only 0.1 percent in the first quarter.