Swiss Economy Expands Ahead of Central Bank Decision
Swiss economic momentum accelerated in the second quarter, exceeding that of the euro area and hitting its fastest pace since 2014. Gross domestic product rose 0.6 percent in the three months through June, after gaining a revised 0.3 percent in the prior quarter, the State Secretariat for Economic Affairs in Bern said on Tuesday. That jump, helped by government consumption and foreign trade, beats the 0.4 percent increase forecast by economists in a Bloomberg survey. Credit Suisse Head of Economics Research Oliver Adler discusses this and negative rates on "Countdown."