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Gross domestic product in the 2nd quarter pandemic leads to historic slump
Switzerland’s GDP fell by –8.2 % in the 2nd quarter of 2020, after decreasing by –2.5 % (revised) in the previous quarter.1 Domestic economic activity was severely restricted in the wake of the pandemic and the measures taken to contain it. The global economy also plunged into a sharp recession. However, Switzerland’s GDP decline remained limited in an international comparison. In the 2nd quarter, Switzerland’s GDP suffered the biggest decline since records of quarterly data began in 1980. Compared to the situation in the 4th quarter of 2019, before the coronavirus crisis, GDP slumped by a total of –10.5 ... (full story)
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- Aug 27, 2020 2:12am Aug 27, 2020 2:12am
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- Posted: Aug 27, 2020 1:46am
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