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KOF Economic Barometer: Constant Level at the End of the Year
The KOF Economic Barometer remains virtually unchanged at the end of the year. The sharp declines that the barometer underwent in early 2020 have been offset by a rapid recovery during the summer. The barometer already reached a value above its long-term average again in August and was able to maintain this level during the second half of the year. However, the prospects for the Swiss economy remain subdued at the beginning of 2021 due to the ongoing pandemic.The KOF Economic Barometer stands at 104.3 points in December, 0.6 points higher than in November (revised from 103.5 to 103.7 points). The slight increase is ... (full story)