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Actual | Forecast | Previous | Revised Form | |
| 0.7% | 0.4% | 0.5% | 0.3% |
| 11/30 | 3/4 | 6/2 | 9/2 | 12/4 | 3/3 | 6/2 | 9/1 | 12/1 | 3/2 | ||
| Actual | 0.8% | 1.0% | 0.3% | 0.4% | 0.0% | -0.3% | -0.8% | -0.3% | 0.3% | 0.7% | |
| Forecast | 0.7% | 0.5% | 0.3% | 0.2% | 0.0% | -1.0% | -1.4% | -0.9% | 0.3% | 0.4% | |
| Previous | 0.8% | 0.9% | 0.9% | 0.3% | 0.3% | 0.0% | -0.6% | -0.9% | -0.3% | 0.5% | |
| Revised From | 0.7% | 0.8% | 1.0% | N/A | 0.4% | N/A | -0.3% | -0.8% | N/A | 0.3% | |
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Actual | Forecast | Previous | Revised Form | |
| 0.3% | 0.3% | -0.3% | N/A | ||
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For 3rd Quarter
GDP y/y: -1.3%, pr. -2.4% R- (2Q), -2.4% (1Q), -0.6% (4Q)
Switzerland’s GDP grew 0.3% q/q in Q3 2009 after a 0.3% q/q decline in Q2, the State Secretariat for Economic Affairs said. The Q3 GDP fell 1.3% y/y, following Q2’s revised 2.4% y/y contraction.
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Actual | Forecast | Previous | Revised Form | |
| -0.3% | -0.9% | -0.9% | -0.8% | ||
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For 2nd Quarter
GDP y/y: -2.0%, pr. -2.4% (1Q), -0.6% (4Q) 1.6% (3Q), 2.3% (2Q)
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Actual | Forecast | Previous | Revised Form | |
| -0.8% | -1.4% | -0.6% | -0.3% | ||
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For 1st Quarter
GDP y/y: -2.4%, forecast -1.7%, pr. -0.6% (4Q) 1.6% (3Q), 2.3% (2Q)
The Swiss economy shrank less than expected in the 1st quarter, posting a quarterly decline of 0.8%, which follows a downwardly revised 0.6% contraction in the 4th quarter. It was still the worst decline in GDP in nearly 15 years. The decline was led by a 5.4% drop in exports and a 0.4% decline in capital spending. Personal consumption rose by a tepid 0.1%, with government consumption contributing with a 1.4% increase. A rebound in global trade, predicated on economies around the world coming out of their recessions will help to offset the loss of demand for Swiss goods which is hurting growth. |
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Actual | Forecast | Previous | Revised Form | |
| -0.3% | -1.0% | 0.0% | N/A | ||
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For 4th Quarter
GDP y/y: -0.6%, forecast -0.1%, pr. 1.6% (3Q), 2.3% (2Q) 3.0% (1Q),
Swiss GDP declined 0.3% in the 4th quarter compared to the
third. And with 3rd quarter growth revised lower to show a 0.1%
decline, the Swiss economy has not met the technical definition of a
recession. The decline was a result of negative growth in fixed
investment, which was down 3.1%, and from weaker exports, which fell
8.1%. Just like in other countries, weaker economic activity and
falling global demand will cause companies to lay off more staff, which
feeds an adverse feedback loop in which consumers have less money to
spend and companies revenues continue to decline forcing more layoffs.
Also, the financial turmoil in financial markets is eroding bank's
earnings limiting how much they are willing to lend, which is choking
off spending.
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Actual | Forecast | Previous | Revised Form | |
| 0.0% | 0.0% | 0.3% | 0.4% | ||
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For 3rd Quarter
GDP y/y: 1.6%, forecast 1.8%, pr. 2.3% (2Q) 3.0% (1Q), 3.6% (4th Q) From the Release: "Between the second and the third quarters of 2008, Switzerland's real gross domestic product (GDP) remained unchanged (+0.0%)*. The negative contribution to growth of investments was compensated by the positive impulses of the trade balance and household expenditure. In comparison with the same quarter of the previous year, real GDP rose by 1.6% in the third quarter of 2008. Household expenditure increased by 0.3%. Total investment fell by 1.4%. There were drops both in construction investments (-0.9%), and to a slightly greater extent in investments in fixed assets and software (-1.8%). Exports of goods and services rose by 1.2%."
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Actual | Forecast | Previous | Revised Form | |
| 0.4% | 0.2% | 0.3% | N/A | ||
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For 2nd Quarter
GDP y/y: 2.3%, forecast 2.4%, pr. 3.0% (1Q '08), 3.6% (4th Q) The Swiss economy grew by 0.4% in the 2nd quarter, slightly above expectations. However, the annualized rate was only up 2.3%, lower than the forecast.
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Actual | Forecast | Previous | Revised Form | |
| 0.3% | 0.3% | 0.9% | 1.0% | ||
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For 1st Quarter
GDP y/y: 3.0%, forecast 3.3%, pr. 3.6% (4th Q) From the Release: "The economy continued to grow in Q1 2008, albeit at a slower rate: the rise in Switzerland’s real GDP compared to the previous quarter was 0.3%. Growth in the first quarter was mainly driven by household expenditure and investment in fixed assets and software. Real GDP grew by 3% compared to the same quarter in the previous year." |
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Actual | Forecast | Previous | Revised Form | |
| 1.0% | 0.5% | 0.9% | 0.8% | ||
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For 4th Quarter
GDP y/y: 3.6% forecast: 2.8%, pr. 3.0% (r 2.9%)
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Actual | Forecast | Previous | Revised Form | |
| 0.8% | 0.7% | 0.8% | 0.7% | ||
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For 3rd Quarter. GDP y/y: 2.9%, forecast 2.6%, pr. 2.8%. |
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