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…

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