Switzerland shrinks 0.8 pct in quarter

June 02 2009 16:57:26

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.

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