Switzerland shrinks 0.8 pct in quarter
Bloomberg
Gross domestic product dropped 0.8 percent from the fourth quarter, when it declined a revised 0.6 percent, the State Secretariat for Economic Affairs in Bern said Tuesday. That’s the worst performance since the second quarter of 1994. Exports plunged 5.4 percent from the fourth quarter and gross fixed capital spending fell 0.4 percent.