Experts Expect Swiss Recession Because Of Rising Franc

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Experts expect Swiss recession because of rising franc

Basel, Switzerland (dpa) – The further strengthening of the Swiss franc could push Switzerland into a short recession this year, leading economists at the Swiss Federal Institute of Technology (ETH) Zurich said Wednesday. The experts pdicted that gross domestic product (GDP) would shrink by 0.5 per cent this year. Before the Swiss central bank gave up…

According To Jim Chanos, This Is The Biggest Story No One Is Talking About

Jim ChanosWhen a liquidity crisis struck China's Evergrande Group in the summer of 2021, it shook the global markets. Debt payments by China's second-largest property developer by sales were estimated in the hundreds of billions of dollars, and the company missed several payments. Those missed payments led to downgrades by international ratings agencies, but the Chinese Read More

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