Rolling coverage of the latest economic and financial news
Newsflash: Switzerland’s economy shrank in the third quarter of the year too!
Switzerland, which has also been badly hit by the Trump trade wars, has just reported that its economy shrank by 0.5% in July-September compared with the previous three months.
Driven by a sharp decline in value added in the chemical and pharmaceutical sector, industry as a whole recorded negative growth. The services sector grew at a below-average rate.
Continue reading…Rolling coverage of the latest economic and financial newsNewsflash: Switzerland’s economy shrank in the third quarter of the year too!Switzerland, which has also been badly hit by the Trump trade wars, has just reported that its economy shrank by 0.5% in July-September compared with the previous three months.Driven by a sharp decline in value added in the chemical and pharmaceutical sector, industry as a whole recorded negative growth. The services sector grew at a below-average rate. Continue reading…