Charlotte de Montpellier, economist at ING, notes that the Swiss GDP grew 0.2% QoQ in 4Q18, with growth picking up again, following the 0.3% contraction in GDP in 4Q18. Key Quotes “Manufacturing contributed significantly to this result (+ 1.5%), offsetting its very poor Q3 performance. This was particularly thanks to the rise in merchandise exports (+5.6%). At the same time, domestic demand remained weak. While private consumption has picked up somewhat, investments have contracted – a sign of increased uncertainty.” “Over 2018 as a whole, GDP increased by 2.5%, its best result since 2014. Growth in 2018 was mainly driven by foreign trade.” “The encouraging 2.5% growth rate in 2018 follows an up-and-down year: with an exceptional first half (with 0.9% and 0.7% QoQ growth in Q1 and Q2) after very good momentum in late 2017 and the second part of 2018 strongly disappointing.” “The question now is whether in 2019 Switzerland will be able to maintain a growth rate higher than that of the eurozone. We believe that this will be difficult, and expect the Swiss economy to grow at a rate of around 1.2% in 2019.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD meets support in the 1.3280 region FX Street 4 years Charlotte de Montpellier, economist at ING, notes that the Swiss GDP grew 0.2% QoQ in 4Q18, with growth picking up again, following the 0.3% contraction in GDP in 4Q18. Key Quotes "Manufacturing contributed significantly to this result (+ 1.5%), offsetting its very poor Q3 performance. This was particularly thanks to the rise in merchandise exports (+5.6%). At the same time, domestic demand remained weak. While private consumption has picked up somewhat, investments have contracted - a sign of increased uncertainty." "Over 2018 as a whole, GDP increased by 2.5%, its best result since 2014. Growth in 2018 was mainly driven… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
