FOREX TradingCharts.com

Financial News: Swiss GDP Declines At Record Pace In Q2

Swiss GDP Declines At Record Pace In Q2

08/27/2020 - 01:56:00 (RTTNews)

(RTTNews) - Switzerland's economy contracted at a record pace in the second quarter as economic activity was severely restricted amid the coronavirus pandemic, data published by the State Secretariat for Economic Affairs, or SECO, showed Thursday.

Gross domestic product fell 8.2 percent sequentially in the second quarter after falling 2.5 percent in the previous quarter.

This was the sharpest fall since records began in 1980. Economists had forecast a quarterly contraction of 8.6 percent.

Compared to the situation in the fourth quarter, before the coronavirus crisis, GDP slumped by a total of 10.5 percent in the first half of 2020.

On a yearly basis, GDP declined 9.3 percent versus a 0.7 percent drop in the first quarter and economists' forecast of -9.6 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Japan Manufacturing PMI Inches Higher In September - Jibun Bank (28 min(s), 54 sec(s) ago)
(RTTNews) - The manufacturing sector in Japan continued to contract in September, albeit at a bare ...Full Story»

New Zealand Interest Rate Decision On Tap For Wednesday (41 min(s), 54 sec(s) ago)
(RTTNews) - The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday ...Full Story»

Eurozone Consumer Confidence Improves More Than Expected (39 min(s), 54 sec(s) ago)
(RTTNews) - Eurozone consumer confidence rose improved more-than-expected in September to its high ...Full Story»

U.S. Existing Home Sales Jump To Nearly 14-Year High In August (06 min(s), 54 sec(s) ago)
(RTTNews) - Existing home sales in the U.S. climbed to their highest level in nearly fourteen year ...Full Story»

Riksbank Sees Repo Rate At Zero In Coming Years (35 min(s), 54 sec(s) ago)
(RTTNews) - Sweden's central bank left its key interest rate unchanged at zero and maintained ...Full Story»

Taiwan Jobless Rate Falls In August (17 min(s), 54 sec(s) ago)
(RTTNews) - Taiwan's unemployment rate decreased in August, figures from the Directorate Gener ...Full Story»

Turkey Consumer Confidence Improves In September (04 min(s), 54 sec(s) ago)
(RTTNews) - Turkish consumer confidence increased in September after easing sharply in the previou ...Full Story»

South Africa Leading Index Rises In July (05 min(s), 54 sec(s) ago)
(RTTNews) - South Africa's leading index increased in July, survey data from the South African ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan Manufacturing PMI Inches Higher In September - Jibun Bank

09/22/2020 - 20:47 PM (RTTNews)
(RTTNews) - The manufacturing sector in Japan continued to contract in September, albeit at a bare ...Full Story>>

New Zealand Interest Rate Decision On Tap For Wednesday

09/22/2020 - 18:00 PM (RTTNews)
(RTTNews) - The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday ...Full Story>>

Eurozone Consumer Confidence Improves More Than Expected

09/22/2020 - 11:58 AM (RTTNews)
(RTTNews) - Eurozone consumer confidence rose improved more-than-expected in September to its high ...Full Story>>

U.S. Existing Home Sales Jump To Nearly 14-Year High In August

09/22/2020 - 11:25 AM (RTTNews)
(RTTNews) - Existing home sales in the U.S. climbed to their highest level in nearly fourteen year ...Full Story>>

Riksbank Sees Repo Rate At Zero In Coming Years

09/22/2020 - 07:54 AM (RTTNews)
(RTTNews) - Sweden's central bank left its key interest rate unchanged at zero and maintained ...Full Story>>

Do not sell my personal information

Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.