Swiss Economy Unexpectedly Expanded Before 39% Tariff Hit

Switzerland’s economy unexpectedly grew in the second quarter, maintaining some momentum before the country was hit with one of the highest US tariff rates.

The expansion of 0.1% was better than the contraction of 0.1% forecast by economists in a Bloomberg survey. It follows a 0.8% pace in the previous three months, a growth spurt driven by exporters front-loading sales to the US before trade levies kicked in.