Switzerland Q1 GDP +0.5% vs +0.3% q/q expected

  • Latest data released by the Federal Statistics Office - 31 May 2022
  • Prior +0.3%; revised to +0.2%
  • GDP +4.4% vs +4.3% y/y expected
  • Prior +3.7%; revised to +3.6%

The Swiss economy held up better than expected in Q1, as it is arguably one of the less impacted countries from the whole Russia-Ukraine conflict even though trade conditions have been significantly affected.

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