Charlotte de Montpellier, Economist at ING, notes that the Swiss economy is doing really well as it grew at a fast pace in the first half, with GDP growth reaching 1% and 0.7% quarter-on-quarter in the first and the second quarters, respectively, thanks to a robust foreign demand. Key Quotes “The Swiss economy has recorded a QoQ growth rate of more than 0.7% for five straight quarters, something that has not happened since the beginning of 2015 when the exchange rate floor against the euro was abolished.” “The main driver of growth in 2Q18 was manufacturing (+1.5% QoQ), which benefited from robust foreign demand and the depreciation of the Swiss franc. Note, however, that part of this growth (0.2 percentage points) is somewhat artificial due to license income generated by the marketing of major international sports associations based in Switzerland.” “The World Cup and the Winter Olympic Games both took place in 2018, which had an impact on GDP data. With no sporting events planned for 2019, however, this effect will disappear.” 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 EUR/USD: Breather? – Rabobank FX Street 4 years Charlotte de Montpellier, Economist at ING, notes that the Swiss economy is doing really well as it grew at a fast pace in the first half, with GDP growth reaching 1% and 0.7% quarter-on-quarter in the first and the second quarters, respectively, thanks to a robust foreign demand. Key Quotes "The Swiss economy has recorded a QoQ growth rate of more than 0.7% for five straight quarters, something that has not happened since the beginning of 2015 when the exchange rate floor against the euro was abolished." "The main driver of growth in 2Q18 was manufacturing (+1.5% QoQ), which benefited… 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.
