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Swiss GDP Unexpectedly Stagnates in Third Quarter

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Swiss economic growth unexpectedly stalled in the third quarter, with momentum held back by weak performance in the energy, construction and financial sector.

Output was unchanged in the three months through September, after increasing of 0.2 percent in the prior period, the State Secretariat for Economic Affairs in Bern said on Tuesday. Economists in a Bloomberg survey had forecast a growth rate of 0.2 percent in the third quarter. The first-quarter growth rate was revised down to minus 0.3 percent from minus 0.2 percent.