Swiss fourth-quarter GDP beats expectations

The Swiss economy grew by 0.7 per cent in the fourth quarter from the previous quarter, according to the latest government figures.

This content was published on March 2, 2010 - 08:47

The State Secretariat for Economic Affairs said on Tuesday that the year-on-year increase was 0.6 per cent for the same period.

Overall, the Swiss economy shrank by 1.5 per cent in 2009.

Seco said that the trade balance gave a positive boost to growth and that consumption and capital expenditures also increased. On the production side, many industries were able to increase their added value, it said in a statement.

The results largely beat analysts’ expectations. "It's more positive than we expected and confirms that we are already in recovery. It's a rather strong result and the second quarterly rise in GDP in succession,” said Fabian Heller, a Swiss economy analyst at Credit Suisse.

For Jan Poser at Bank Sarasin, the figures confirmed that “you should never underestimate a cyclical rebound”.

“The cyclical recovery is really strong. All components show a strong recovery. Exports and investments are increasing and households prove to be robust." and agencies

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Sort by

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.