video Finance Videos
Switzerland avoids recession
Friday, August 28, 2015 - 01:00
Switzerland has managed to avoid recession with unexpected growth in the second quarter, despite a strong franc. Hayley Platt reports.
▲ Hide Transcript
▶ View Transcript
It's one of Switzerland's best loved exports. But a strong franc has made the country's exports more expensive. So much so a Reuters poll of analysts predicted the country could slip into its first recession in six years. But that hasn't happened. Solid spending by both consumers and the government managed to offset the impact of a strong franc. And instead of shrinking 0.1 per cent as expected, the economy grew 0.2 percent from the previous quarter - beating the most optimistic forecasts. But complicating the picture - imports fell more than exports. And could be a sign that production is slipping as a result of manufacturers importing fewer supplies. Some expect GDP to grow 0.9 percent for the full year. And 1 percent in 2016. The currency soared in January, after the Swiss National bank removed a cap that had been put in place, largely to protect the export-reliant economy.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Switzerland avoids recession
Friday, August 28, 2015 - 01:00
Top News »
5:29am EDT - (1:21)
Wed, Apr 25, 2018 - (2:35)
Wed, Apr 25, 2018 - (1:58)
Wed, Apr 25, 2018 - (1:51)
Wed, Apr 25, 2018 - (1:52)
Wed, Apr 25, 2018 - (1:27)
Wed, Apr 25, 2018 - (1:26)
Wed, Apr 25, 2018 - (2:16)
Wed, Apr 25, 2018 - (1:40)
Wed, Apr 25, 2018 - (1:12)
Tue, Apr 24, 2018 - (1:27)
Tue, Apr 24, 2018 - (1:07)
Migrant Crisis »
Fri, Mar 16, 2018 - (0:50)
Fri, Dec 22, 2017 - (1:52)
Fri, Dec 22, 2017 - (1:07)
Fri, Dec 22, 2017 - (1:37)
Editors' Picks »
5:29am EDT - (1:21)
Wed, Apr 25, 2018 - (1:59)
Tue, Apr 24, 2018 - (2:00)
Tue, Apr 24, 2018 - (1:36)
Mon, Apr 23, 2018 - (1:56)
Fri, Apr 20, 2018 - (1:24)
Fri, Apr 20, 2018 - (2:04)
Thu, Apr 19, 2018 - (1:45)
Tue, Apr 17, 2018 - (2:44)
Politics »
Wed, Apr 25, 2018 - (1:58)
Wed, Apr 25, 2018 - (1:52)
Wed, Apr 25, 2018 - (1:27)
Tue, Apr 24, 2018 - (1:27)
Tue, Apr 24, 2018 - (0:37)
Tue, Apr 24, 2018 - (1:43)
Tue, Apr 24, 2018 - (2:13)
Mon, Apr 23, 2018 - (1:40)
Fri, Apr 20, 2018 - (1:07)
Innovations »
Wed, Apr 25, 2018 - (2:04)
Wed, Apr 25, 2018 - (1:49)
Tue, Apr 24, 2018 - (1:54)
Tue, Apr 24, 2018 - (2:13)
Mon, Apr 23, 2018 - (1:55)
Sun, Apr 22, 2018 - (1:30)
Fri, Apr 20, 2018 - (1:50)
Thu, Apr 19, 2018 - (1:54)
Wed, Apr 18, 2018 - (1:03)
Wed, Apr 18, 2018 - (1:01)
Entertainment »
Wed, Apr 25, 2018 - (0:54)
Tue, Apr 24, 2018 - (1:17)
Tue, Apr 24, 2018 - (1:38)
Tue, Apr 24, 2018 - (1:51)
Tue, Apr 24, 2018 - (1:18)
Tue, Apr 24, 2018 - (1:25)
Tue, Apr 24, 2018 - (2:02)
Mon, Apr 23, 2018 - (1:28)
Mon, Apr 23, 2018 - (1:39)
Mon, Apr 23, 2018 - (2:11)
Mon, Apr 23, 2018 - (1:50)
Rough Cuts »
Wed, Apr 25, 2018 - (0:46)
Wed, Apr 25, 2018 - (1:27)
Tue, Apr 24, 2018 - (1:27)
Tue, Apr 24, 2018 - (1:17)
Tue, Apr 24, 2018 - (0:51)
Tue, Apr 24, 2018 - (1:07)
Tue, Apr 24, 2018 - (0:37)
Tue, Apr 24, 2018 - (1:43)
Tue, Apr 24, 2018 - (2:13)
Tue, Apr 24, 2018 - (1:38)
Tue, Apr 24, 2018 - (1:51)
Tue, Apr 24, 2018 - (0:59)
Moving Pictures »
Tue, Apr 03, 2018 - (1:46)
Fri, Mar 02, 2018 - (2:13)
Thu, Feb 08, 2018 - (1:43)
Thu, Jan 04, 2018 - (1:01)
Fri, Dec 22, 2017 - (2:08)
Reuters Investigates »
Wed, Oct 11, 2017 - (10:18)
Wed, Aug 23, 2017 - (6:44)
Thu, Mar 16, 2017 - (2:26)
Tue, Nov 01, 2016 - (2:15)
Thu, Sep 29, 2016 - (2:19)
Fri, Aug 05, 2016 - (2:04)
Mon, Mar 28, 2016 - (3:02)
Thu, Mar 10, 2016 - (2:34)
Mon, Dec 07, 2015 - (2:58)
Mon, Dec 07, 2015 - (2:20)
Mon, Dec 07, 2015 - (0:35)
Mon, Dec 07, 2015 - (3:53)
Dateline Asia »
Tue, Dec 05, 2017 - (2:06)
Tue, Dec 05, 2017 - (2:11)
Fri, Dec 01, 2017 - (2:04)
Thu, Nov 30, 2017 - (2:10)
Thu, Nov 30, 2017 - (2:14)
Wed, Nov 29, 2017 - (2:11)
Tue, Nov 28, 2017 - (1:55)
Tue, Nov 28, 2017 - (2:21)
Mon, Nov 27, 2017 - (2:25)
Fri, Nov 24, 2017 - (2:16)
Fri, Nov 24, 2017 - (2:14)
Thu, Nov 23, 2017 - (2:18)