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Switzerland to Eke Out Meager Growth Amid Factory Slump
Switzerland to Eke Out Meager Growth Amid Factory Slump
27 Nov 2019, 11:00 AM IST
(Bloomberg) --
The Swiss economy has taken a knock from the manufacturing malaise that struck Europe this year. With Germany -- Switzerland’s biggest market -- under pressure, weakness in machinery and electronics exports has been particularly pronounced. Gross domestic product figures due Thursday will probably show third-quarter growth slowed to 0.2% from 0.3%, while UBS and Credit Suisse expect an even worse reading.
To contact the reporter on this story: Catherine Bosley in Zurich at cbosley1@bloomberg.net
To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Zoe Schneeweiss
©2019 Bloomberg L.P.
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