Switzerland's economy failed to grow in the second quarter of the year, according to the country's State Secretariat for Economics.
The much weaker-than-expected figure came after exports were affected by weakness in the rest of Europe and construction spending fell.
The zero growth in the quarter was the weakest performance for two years.
Compared with a year earlier gross domestic product (GDP) was 0.6% higher, well below forecasts of 1.7%.
"For us it's really below expectations. We expected a bit more growth," said Maxime Botteron from Credit Suisse.
"The trend in exports is not a big surprise. Trade data so far already pointed to a rather weak contribution of exports. What is a bit more surprising is the weak investment spending, especially in the construction sector."
At the weekend, the chairman of the Swiss National Bank, Thomas Jordan, said that macroeconomic and geopolitical risks may lead to the bank cutting growth forecasts.
Figures released last month showed that the eurozone - a key export market for Switzerland - recorded zero growth in the second quarter of the year.
The lack of growth has raised the pressure on the European Central Bank - which holds its latest meeting on Thursday - to take measures to stimulate the eurozone.
Recommended Content
Editors’ Picks
AUD/USD keeps the red below 0.6400 as Middle East war fears mount
AUD/USD is keeping heavy losses below 0.6400, as risk-aversion persists following the news that Israel retaliated with missile strikes on a site in Iran. Fears of the Israel-Iran strife translating into a wider regional conflict are weighing on the higher-yielding Aussie Dollar.
USD/JPY recovers above 154.00 despite Israel-Iran escalation
USD/JPY is recovering ground above 154.00 after falling hard on confirmation of reports of an Israeli missile strike on Iran, implying that an open conflict is underway and could only spread into a wider Middle East war. Safe-haven Japanese Yen jumped, helped by BoJ Governor Ueda's comments.
Gold price pares gains below $2,400, geopolitical risks lend support
Gold price is paring gains to trade back below $2,400 early Friday, Iran's downplaying of Israel's attack has paused the Gold price rally but the upside remains supported amid mounting fears over a potential wider Middle East regional conflict.
WTI surges to $85.00 amid Israel-Iran tensions
Western Texas Intermediate, the US crude oil benchmark, is trading around $85.00 on Friday. The black gold gains traction on the day amid the escalating tension between Israel and Iran after a US official confirmed that Israeli missiles had hit a site in Iran.
Dogwifhat price pumps 5% ahead of possible Coinbase effect
Dogwifhat price recorded an uptick on Thursday, going as far as to outperform its peers in the meme coins space. Second only to Bonk Inu, WIF token’s show of strength was not just influenced by Bitcoin price reclaiming above $63,000.