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Strong franc continues to haunt Swiss economy
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The Swiss National Bank (SNB) has spent billions of francs buying euros in an effort to stem the franc’s rise. The SNB is expected to reveal a paper loss of up to €7.5 billion (SFr10 billion) when it announces half-year results next month. The central bank has slowed its intervention in the monetary markets as…
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The economic climate looks brighter for Switzerland than most of Europe, with an upturn for manufacturers and consumer sentiment still high. But the struggling euro and a surging housing market give some cause for concern. On Tuesday, the State Secretariat for Economic Affairs (Seco) revised its prediction for gross domestic product (GDP) growth this year…
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The State Secretariat for Economic Affairs (Seco) in Bern reported on Tuesday that gross domestic product – the value of all goods and services – rose one per cent from the third quarter, twice the rate forecast by even the most optimistic of market analysts. Seco added that Swiss economy grew by 3.1 per cent…
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Today, for many people, Sunday is a shopping day like any other, though grocery stores in railway stations can be absolutely packed with so many people that it can sometimes be tough to move. In fact, some experts say that shopping – in this case at the main railway station in the capital, Bern –…
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