Prior +0.5%; revised to +0.4%GDP +1.2% vs +1.4% y/y expectedPrior +2.0%; revised to +1.8%
The sporting event-adjusted GDP also rose by 0.1% in Q2, following a 0.7% increase in Q1 this year. Overall, the Swiss economy posts marginal growth in the past quarter and continues to hold up decently. That being said, the 39% tariffs hit by Trump will be a major headwind for the coming quarters so that will be something to be mindful of.
This article was written by Justin Low at investinglive.com.