Economic Buzz: Swiss Economy Grows At Slower Pace In Q4

28 Feb 2022 , 02:46 PM

Swiss gross domestic product grew 0.3 percent sequentially in the fourth quarter, much slower than the 1.9 percent expansion seen in the third quarter due to the restrictive measures associated with the pandemic weighed on activity, the State Secretariat for Economic Affairs, or SECO, said on Monday. Growth was forecast to slow to 0.4 percent. On a yearly basis, GDP growth slowed marginally to 3.7 percent, from 3.8 percent in the prior quarter.

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