Swiss Economy Learns to Live With Falling Consumer Prices: ChartBy
Switzerland’s inflation rate may be negative, but economic growth certainly isn’t. A year after suffering an exchange-rate shock, the economy expanded 0.6 percent in the three months through June, outperforming that of the euro area and hitting its fastest pace since late 2014, when the central bank was using a cap to prevent the franc from appreciating. Consumer prices, which in Switzerland plunged the most since 1950 last year, declined 0.1 percent in August compared with a year ago.
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