Swiss Government sees economic slowdown but no recession in 2023

Dhwani Mehta FXStreet

Switzerland’s government said in a statement on Tuesday that it expects an economic slowdown but no recession this year.

This comes after the Swiss economy showed no growth in the fourth quarter of 2022, in the face of a "challenging international situation”.

On a quarterly basis, the country’s Gross Domestic Product (GDP) arrived at 0% in Q4 2022 vs. a growth of 0.3% and 0.2% recorded in the third quarter.

Meanwhile, the USD/CHF pair is consolidating gains below 0.9340, currently trading 0.19% higher on the day at 0.9371.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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