US Edition
Swiss economy stagnates in second quarter
13 Articles
13 Articles
The Swiss economy ground to a halt in the second quarter, advancing just 0.1% compared to the 0.8% growth recorded in the first quarter amid the trade war launched by US President Donald Trump.
According to official data, it stopped almost completely in the second quarter, with a rise of just 0.1% compared to 0.8% in the first quarter.
Schweizer Radio und Fernsehen (SRF)
watson.ch/Gross domestic product (GDP) rose by only 0.1 percent in the second quarter of the previous quarter.
USD/CHF dips as US data softens, Swiss GDP hit by tariff impact
The Swiss Franc (CHF) gains ground against the US Dollar (USD) on Friday, with the USD/CHF pair easing toward the key 0.8050 level during the American session, as the latest round of US economic data reveals growing cracks in domestic demand, keeping the Greenback under pressure.
In the second quarter of 2025, growth in gross domestic product (GDP) was recorded at 0.1% after an increase of 0.8% in the first half. The dynamism of services made it possible to compensate for the negative evolution of industry, according to provisional data published on Friday by the Secretariat of State for the Economy (Seco). "The US tariffs largely explain the slowdown observed in the second quarter.
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