Economics
Swiss Economy Unexpectedly Stalls on Weak Domestic Demand
- Median estimate in Bloomberg survey was for 0.3% increase
- Trade balance in goods and services had negative effect
This article is for subscribers only.
Switzerland’s economy failed to grow for the first time in more than a year in the third quarter, held back by weak domestic demand and the first fall in government spending since early 2014.
The stagnation followed expansion of 0.6 percent in the three months through June, and fell short of the 0.3 percent growth forecast by economists in a Bloomberg survey. The statistics office said the weak performance wasn’t a sign of the recovery being thrown off course.