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Swiss balance of payments and international investment position
In the second quarter of 2019, the current account surplus amounted to CHF 21 billion, slightly lower than in the same quarter of 2018. The goods trade balance and the primary income balance (labour and investment income) declined marginally, while the services trade balance and the secondary income balance (current transfers) hardly changed. In the financial account, reported transactions showed a net acquisition on the assets side (CHF 11 billion) and a net incurrence on the liabilities side (CHF 5 billion). The main contributor to the net acquisition on the assets side was other investment, while in the case of ... (full story)