The Swiss Economy is No Longer Growing
Published: Monday, Sep 4th 2023, 08:40
Updated At: Friday, Oct 13th 2023, 14:12
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The Swiss economy is feeling the effects of the international economic downturn more and more. According to the Swiss State Secretariat for Economic Affairs (SECO), the real gross domestic product (GDP) remained unchanged in the second quarter of this year. This stagnation is a sign of the weakening global economy, which is having a negative impact on the Swiss economy. The Swiss economy has been affected by the global economic slowdown, with exports and investments declining. The manufacturing sector has been particularly hard hit, with production falling by 1.2% in the second quarter. The services sector has also been affected, with a 0.2% decline in the same period. The Swiss government has taken measures to mitigate the effects of the economic downturn, such as increasing public spending and providing financial support to businesses. However, these measures have not been enough to offset the negative effects of the global economic slowdown. Overall, the Swiss economy is feeling the effects of the global economic downturn, with GDP remaining unchanged in the second quarter. The manufacturing and services sectors have been particularly hard hit, and the government has taken measures to mitigate the effects of the downturn. However, these measures have not been enough to offset the negative effects of the global economic slowdown.nnnnnnnnnnnnnnnnnn
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