Swiss GDP for Q2 was out earlier:
+0.2% q/q and +1.2% y/y
– Expected was -0.1% and +0.9% respectively
– Priors were -0.2% and +1.2% (revised from +1.1% respectively)
The positive q/q means, of course, Switzerland has avoided a recession (if you define one as 2 consecutive quarters of negative growth)
Swiss Q2 GDP positive … avoids a recession. Solid private and government sending cited
