Switzerland: GDP grows less than expected in Q4

FXStreet (Barcelona) - On an annual basis Swiss GDP increased 1.7% in Q4, down from the 2.1% rise registered the previous quarter, according to data released today by the State Secretariat for Economic Affairs SECO. Market consensus pointed to 2.0% growth.

Quarter-over-quarter GDP rose 0.2% in Q4, following +0.5% in Q3 and below expectations of 0.4% growth.