topics
tools
Expatica countries
Index Last Var.(%)
BEL 20 2119.44 0.28
DAX 6339.94 0.38
IBEX 30 6543 0.13
CAC 40 3047.94 0.32
FTSE 100 5351.53 0.03
AEX 292.76 0.23
DJIA 12454.83 -0.60
Nasdaq 2837.53 -0.07
FTSE MIB 13154.8 0.36
TSX Composite 11576.47 0.09
ASX 4081.2 -0.61
Hang seng 18713.41 0.25
Straits Times 2772.75 -0.24
ISEQ 20 500.94 1.55
You are here: Home News Swiss News Swiss investments decline in third quarter

Swiss News

archive
Enlarge font Decrease font Text size


05/12/2008Swiss investments decline in third quarter

Investments in Switzerland declined 1.4 percent while gross domestic product remained stagnant in the third quarter.

5 December 2008

ZURICH – Swiss real gross domestic product was unchanged between the second and third quarter of 2008, Switzerland's State Secretariat for Economic Affairs (SECO) said Thursday.

Investments declined 1.4 percent while exports grew 1.2 percent for the third quarter.

"The negative contribution to growth of investments was compensated by the positive impulses of the trade balance and household expenditure," said SECO.

While Switzerland escaped negative growth in the third quarter, the chairman of the Swiss National Bank, Jean-Pierre Roth, said Wednesday that growth would probably be negative in the last three months of the year.

"In the fourth quarter of this year and in the first half of 2009, a contraction appears very probable."

[AFP / Expatica]


0 reactions to this article

Be the first person to add a comment

General rating: Not rated yet

Rate article:    Add my rating



0 reactions to this article

Be the first person to add a comment
Discussion Forums

Finding your way in Switzerland

Trekking and Backpacking

Community Noticeboard Switzerland

Let's coach..Saturday.Free.In English.

Finding your way in Switzerland

Chinese Nanny (Ayi) wanted

Finding your way in Switzerland

Need Househelp who prepares Thai food

Student forum Switzerland

@SAP Business Objects Online Training in Netherlands by SAP BOSS

participate in the forums

Inside Expatica
Residence and work permits in Switzerland

Residence and work permits in Switzerland

How to apply for a residency or work permit in Switzerland for you and your family.

How to rent and buy a house in Switzerland

How to rent and buy a house in Switzerland

Information about renting property and obtaining a mortgage in Switzerland.

Switzerland's healthcare system

Switzerland's healthcare system

Information about the Swiss healthcare system, health insurance, pharmacies and emergency numbers.

Banking in Switzerland

Banking in Switzerland

Explaining Swiss currency, banknotes, credit cards and bureaux de change.