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- Switzerland’s GDP grew by 0.6% in the 1st quarter
Switzerland’s GDP grew by 0.6% in the 1st quarter
Switzerland's real gross domestic product (GDP) grew by 0.6% in the 1st quarter of 2018. Although growth lost some momentum in comparison to the second half of 2017, it was nevertheless broad-based across the various business sectors.
The secondary sector expanded modestly, while growth in several service sectors accelerated, including in trade and business-related services. The entertainment industry recorded strong growth thanks to major international sporting events. On the expenditure side of GDP, growth was underpinned by consumption and investment in equipment, accompanied by a considerable increase in imports and a slightly negative growth contribution of foreign trade.
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